A working group established under the Prime Minister’s 2025 decree presented to the Cabinet a progress report on the project to build a copper concentrate smelting and processing plant within the framework of the Industrial and Technology Park based on Erdenet Mining Corporation.

Project information was delivered to 55 companies from more than 20 countries that are recognized as global leaders in copper and metallurgy. Of these, 13 companies from seven countries submitted proposals expressing interest in investing and cooperating in the project. Based on an evaluation of experience in implementing similar projects, technical and technological solutions, financial and economic capacity, and other criteria, four legal entities from two countries have been shortlisted, and preparation is underway for the next stage of the selection process, the Government’s Media and Public Relations Department reported.

The shortlisted participants include China’s NFC, Jiangxi Copper, and a consortium comprising Liantou New Energy Technology, China ENFI Engineering Corporation, and Shanxi Northern Copper Industry, as well as Switzerland’s Glencore International AG.

At its session on February 25, 2026, the Cabinet assigned the working group to approve the selection documents to be delivered to the shortlisted participants, to evaluate the submitted materials, and conduct the selection process. The Chief of the Cabinet Secretariat, Byambatsogt Sandag, was instructed to present the results to the Cabinet session in May this year.

Published Date:2026-02-26