According to the Ministry of Industry and Mineral Resources, Mongolia expressed its openness to cooperate with South Korea’s Hanwha Group in the fields of renewable energy and green technology and is ready to support investment in the sector.

The proposal was discussed during a meeting between the Minister of Industry and Mineral Resources, Damdinnyam Gongor, along with representatives of “Erdenes Mongol” LLC, and delegates of “Hanwha” Group.   

Minister Damdinnyam emphasized Mongolia’s goal of developing its industrial and mineral resources by shifting from extraction to processing. He outlined three potential areas of cooperation: coal processing technology, support for renewable energy, and the establishment of industrial park.  He said, “Mining projects will further focus on reducing fuel consumption by adopting green energy solutions and electrifying equipment. For example, mining companies under Erdenes Mongol LLC have been tasked with transitioning to renewable energy and electrifying their operations.”

Additionally, it was also noted that Hanwha Group is welcome to participate in the international open tender for the steel complex project to be built in Khongor soum of Darkhan-Uul aimag.

Published Date:2026-04-15