1、MONGOLIA MINING 2024MONGOLIAMINING2024Regulation Economy Production and Development ESGTird Neighbor Skill Transfers Planning and Logistics ElectrificationGBR SERIESGlobal Business Reportsis proud to introduce Mongolia Mining 2024 report,our first comprehensive guide for the country.We were drawn to

2、 Mongolia less by what we knew and more by what we did not know.The information gap in a country holding one of the worlds largest copper deposits is strung at its two opposite ends by stories that paint an overly positive and an overly negative picture.GBR set out to fill that gap with an objec-tiv

3、e overview of mining in Mongolia.One story made it through the silence:The Oyu Tolgoi(OT)copper mine,a US$15 billion development by Rio Tinto(with the government of Mongolia as a minority shareholder)puts a pin on the global map for mining on the large territory enclosed between Russia and China.Fol

4、lowing the discovery of the OT Mongolia became Minegolia,and a brief mining boom,that lasted between 2009 and 2013,was followed by a decade of quietude.Today,the country is trying to build a more resilient economy through mining,not by bringing back Minegolia,but by showing that Mongolia is mining a

5、nd more.A new min-ing code,investment law and multiple transactions,all in the pipeline,are already instill-ing more equilibrium.In the first part of the report,we look at Mongolias recent mining history to better understand its present.We remark on the anti-mining sentiment born out of popular resi

6、stance to Minegolia,and how it influenced the policies that are blamed for almost killing the industry in 2013.The second part explores the countrys mining sector of today,where we interview pro-ducers,developers and explorers across three commodity classes.We begin with coal and provide an analysis