The Bortegg deposit, part of the Tavan Tolgoi group of deposits, has officially commenced operations in Mongolia. The opening ceremony took place on June 20, 2026, with the participation of the country's Prime Minister, Ukhnaa Niam-Osor. This event marks an important step in the implementation of state policy aimed at developing Mongolia's strategic natural resources.

The Prime Minister emphasized that on June 3, the government made a historic decision allowing citizens to engage in the development of their own deposits. The project management for "Bortegg" will be carried out by Erdenes Tavan Tolgoi JSC in collaboration with local companies.

The government does not intend to abandon foreign investments; however, each of them must comply with the principles of transparency and consider national interests. The Prime Minister noted that work is beginning on creating effective governance in the mining sector, which will enhance the value of resources and bring greater benefits to citizens.

The Prime Minister also added that at the moment the first scoop of earth was taken at the Bortegg deposit, Erdenes Tavan Tolgoi JSC signed a memorandum with the international auditing company BDO and the Mongolian Stock Exchange. This signifies the beginning of the implementation of the government program "Chölöölö" (Let's Free) and the transformation of Erdenes Tavan Tolgoi into a public joint-stock company. The introduction of international standards and environmental responsibility will become the foundation for the industry's development.

The "Bortegg" project will bring the following benefits to the economy of Mongolia:

• Resources: The deposit contains 424.2 million tons of coal and is capable of producing up to 15 million tons of coal per year.

• Tax revenues: Over the first 10 years, approximately ₮4.4 trillion will be contributed to the budget, accounting for about 13% of Mongolia's consolidated budget revenues.

• Investments: Together with national companies, approximately ₮10.2 trillion will remain in the economy over 10 years.

• Job creation: More than 1500 new jobs will be created in the Gobi region.

The implementation of the principle that natural resources belong to the people will enhance the value of the Bortegg deposit and improve the quality of life for citizens. The opening of this deposit continues the state policy aimed at redistributing the benefits from natural resources in favor of the population, which was initiated in 2012 when 2.5 million citizens received shares. Bortegg represents a strategically important project that combines economic benefits with new standards of responsible mineral extraction.

Published Date:2026-06-22