The major gathering of the mining sector continued for three days at the foot of Taij Mountain, discussing the future development as well as current issues and challenges from all perspectives. The key players of Mongolia’s mineral resources sector, which is a cornerstone of the national economy, meet under a broad agenda once a year. They thoroughly reflect on the current challenges and difficulties, adapting to new conditions and mapping out strategies and roadmaps for the days ahead. As before, ‘Mining Week’ focused on finding solutions and eliminating uncertainties and ambiguities. Here, we present the highlights of the fourth ‘Mining Week’.
During the “MiningWeek & MinePro-2025” event, U. Byambasuren, the head of the Government’s Special Authorized Representative Team of Erdenes Tavan Tolgoi JSC, and Fen Dong Bin, Deputy Director of Fengwei Digital Information Technology Company from China, signed a memorandum of understanding for cooperation. Within the framework of this collaboration, information about the sales of coal from Erdenes Tavan Tolgoi JSC, delivery timelines, and stock exchange trading schedules will be regularly and promptly updated on Sxcoal.com, China’s largest integrated platform for coal, transportation, and sales information, enabling buyers to receive timely information and potentially increasing sales.
Within the framework of Mining Week, the ‘Khalzan Buregtei’ project and the Mongolian National Mining Association signed a memorandum of understanding to implement the ‘Towards Sustainable Mining (TSM)’ standard. This memorandum aims to introduce principles of internationally recognized standards developed by the Canadian Mining Association to Mongolia’s mining sector, strengthening companies’ accountability, transparency, and responsibilities towards local communities and the environment.
A memorandum of understanding was signed between the UK Foreign, Commonwealth & Development Office and the Mongolian National Mining Association (MNMA) within the framework of a 160 million MNT funded project aimed at developing training and guidelines for mining companies to improve environmental, social, and governance (ESG) practices, as well as implementing activities focused on local community development. The main objective of the project is to support mining companies in adopting sustainable development principles in line with international standards and best practices, and it will be implemented in the following areas.
This involves implementing training and capacity-building programs in the areas of environment, society, and governance, developing manuals and methodologies for mining companies, and organizing initiatives to support the livelihoods and development of local residents. This agreement is part of the work carried out under the memorandum of understanding between the British Foreign, Commonwealth & Development Office and the Ministry of Industry and Mining of Mongolia, and is of significant importance in strengthening governance and social responsibility in the mining sector in Mongolia.
The National Association of Mongolian Mining (NAMM) developed the “Voluntary Code for Responsible Mining” in 2019. This code aims to unite businesses operating in the sector and promote the principles of responsibility. Members of the association are implementing this code in their operations.
The implementation of the code has led to many positive outcomes, such as conducting activities in compliance with legal requirements, strengthening corporate governance, reducing negative environmental impacts, ensuring occupational safety, and improving cooperation with local communities.
Within the framework of this initiative, Transwest, MAK, Darkhan Metallurgical Plant, Stock Blast, Shuvuun Khar Uul, Huawei Company, the Ministry of Industry and Mining, and the Mongolian Mining Association (MMA) signed a memorandum of understanding to jointly support the implementation of the “Responsible Mining Voluntary Code.” The participating parties concluded that this collaboration represents an important step in promoting sustainable development in the mining sector, strengthening corporate governance, and having a positive impact on local communities.
Source: Mining.mn 2025/09/18