| EuroChamber Mongolia’s “Sustainability & Energy” Working Group Meeting |
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Driving Sustainability Forward: EuroChamber Mongolia’s “Sustainability & Energy” WG Meeting #13.
Key Highlights from the Event:
TML Group’s Sustainable PET Recycling Solutions – Our keynote speaker, Frank Schepers, CEO of Mongolia Without Waste NGO & General Director of TML Plastic Mongolia, shared his expertise on industrial recycling, circular economy models, and the future of PET bottle recycling in Mongolia. His insights into integrating recycled materials into production and reducing waste were invaluable.
Engaging Q&A and Knowledge Sharing – Participants had the opportunity to exchange ideas on waste management, energy efficiency, and ESG initiatives, sparking discussions on practical solutions for businesses. Networking for Impact – The event provided a platform for collaboration between industry professionals, policymakers, and sustainability-focused organizations, strengthening our collective efforts toward environmental responsibility.
A huge thank you to our speaker, Frank Schepers, our moderator, Batzul Gerelsaikhan, and all the attendees for making this session a success! Together, we are shaping a more sustainable and energy-efficient future for Mongolia.
Stay tuned for our upcoming events as we continue to drive meaningful conversations and action in sustainability and energy! |
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On February 13, 2025, the Mongolian National Mining Association and the British Embassy jointly organized a discussion on “Mining Investment Opportunity in Mongolia” to exchange information and develop an action plan for further cooperation.
As raw material consumption increases due to the impact of the energy transition in the world, Mongolia focuses on geological surveys and exploration of critical minerals. Therefore, during the event exploration of critical minerals in Mongolia and cooperation with countries in geological surveys were discussed.
Mongolia will conduct geological mapping and surveys of critical minerals in cooperation with the British Geological Survey.
Advisor to the Minister of Industry and Mineral Resources of Mongolia J. Mendsaikhan, emphasized, “There is a high demand for critical minerals in many countries. If we properly take this advantage, it will positively impact on the economy. Therefore, it is necessary to properly direct the government policy for leveraging our resources and developing mutually beneficial cooperation.”
"The mining sector plays a significant role in social and economic growth. To achieve economic stability and growth, exploration and geological surveys must be intensified and all the stakeholders including government agencies, local communities, and the public should be responsible and work together. In addition, investors should be provided with favorable conditions to operate actively. If we want to increase foreign investment in Mongolia, it is time to focus on ensuring the sustainable operation of existing investors. In addition, the legal environment must also be stable. We need to intensify and support the currently stalled exploration research with policies. We have issued exploration permits in various ways, such as through applications, tenders, and selection. We need to study which of these was more effective and should increase the number of licenses issued,” noted Chief Executive Officer of the Mongolian National Mining Association Erdenetuya Ganbold.
Source: www.montsame.mn |
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A working group established by Decree No. 84 of 2024 by the Speaker of the State Great Khural is actively reviewing the legal framework for standards and drafting related legislative reforms. As part of this effort, the group, in collaboration with the Government, is hosting a series of discussions on “Implementation of Standards and Legal Framework.”
This afternoon, the discussion focused on the health sector, bringing together key stakeholders, including O. Batnairamdal, Member of the State Great Khural and head of the working group, D. Ganmaa, Member of the State Great Khural, Minister of Health T. Munkhsaikhan, as well as representatives from state and non-state organizations, healthcare professionals, and industry experts.
During the session, O. Batnairamdal provided an overview of the working group's objectives and engaged in open discussions with professionals to identify challenges and potential solutions. He highlighted that of the 6,700 standards currently in place nationwide, 768 apply to the healthcare sector, but only 20% meet the required standards. The remaining 80% were assessed in 2022 as needing updates or revisions, underscoring the urgent need for regulatory improvements in the sector.
The discussion served as a platform for experts and policymakers to address these gaps and explore ways to strengthen Mongolia’s healthcare standards.
Source: www.gogo.mn |
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The Government of Mongolia issued a USD 500 million bond with an interest rate of 6.625 and a maturity of five years under the “Century IV” project and began trading it on the international securities market.
The initial order for the newly issued bond exceeded the trading volume by 8.2 times, reaching USD 4.1 billion. In connection with this, the bond risk premium of Mongolia has decreased to 2.27 percent, allowing the bond interest rate to be set below the secondary market interest rate.
The Government of Mongolia managed next year's repayment of the "Nomad" and "Century-II" bonds by buying them back with the trading of the "Century-IV" bond. This improves Mongolia's debt sustainability by enabling the country to pay off the remaining payments on the "Nomad" bond without burdening the budget or economy. This was a crucial step in reducing the amount of external debt and ensuring macroeconomic stability, according to the Ministry of Finance of Mongolia.
By trading the "Century-IV" bond, Mongolia managed to issue bonds with interest rates lower by 0.1-0.4 percentage points than the bonds of countries thathave higher credit ratings including Uzbekistan, Brazil, and the Dominican Republic. This opens up the opportunity for domestic enterprises to attract low-cost financial resources from international financial markets.
Source: www.montsame.mn |
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The Mining Department of the Ministry of Mineral Resources and Petroleum Authority of Mongolia has assessed the prospects of zinc based on factors such as the global zinc market, Mongolia's zinc geology, exploration and exploitation licenses, current mining activities, and future potential.
Mongolia has 11 metallogenic provinces and regions with zinc-bearing polymetallic prospects, comprising 139 occurrences and 10 deposits. These contain an estimated 106.7 million tons of zinc resources, with 2.18 million tons classified as reserves.
Currently, five zinc and zinc-polymetallic deposits are in operation. Since 2016, these projects have created 940–2,430 jobs annually, produced and exported 100,000–150,000 tons of zinc concentrate per year, generated MNT 207–639 billion in sales revenue, and contributed MNT 44–517 billion in taxes and fees to state and local budgets.
Additionally, 17 projects remain unimplemented despite completing feasibility studies, yet some continue to produce zinc-containing products.
Between 2024 and 2063, under 22 operational and ready-to-launch projects, a total of 5,644 people will be employed, producing 18.04 million tons of zinc products containing 2.1 million tons of zinc. These projects are expected to generate 19.1 trillion tugriks in sales revenue and contribute 4.5 trillion tugriks to state and local budgets.
On average, each project is projected to employ 67–804 people annually, produce and export 1,700–164,200 tons of zinc concentrate, generate MNT 4.9–1,556 billion in sales revenue, and pay MNT 0.8–437.8 billion in taxes and fees.
Source: gogo.mn |
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| The Mongolian delegation led by Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh participated in the 61st Munich Security Conference in Germany on February 14-16, 2025.
Besides taking part in the Conference, Foreign Minister Battsetseg met with foreign ministers of countries and representatives of international organizations to exchange views on bilateral relations and cooperation. The Foreign Minister of Mongolia also attended the ministerial-level meeting of the “Feminist Foreign Policy Network,” which is traditionally organized during international conferences.
The Munich Security Conference, which has been organized annually for over sixty years, is seeing increasing numbers of participants including Heads of State, and Government, military and defense leaders, heads of international organizations, academics, media and business representatives, expanding into a leading world conference discussing international security policy.
Source: www.montsame.mn |
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On 18 February 2025, a Youth Policy Dialogue with European Commissioner for Energy and Housing, Dan Jørgensen, took place in Brussels, marking a significant step in integrating the voices of young people into the European Union's energy policies.
The event gathered 30 young participants from across the EU, offering a platform for discussing energy-related issues and contributing to the future of Europe's clean energy transition. The Youth Policy Dialogue is part of the European Commission's broader commitment to empowering youth in shaping policies that affect their future.
During the event, the group handed over a set of recommendations drafted by the Young Energy Ambassadors for the Energy Commissioner. The main topics discussed during the Dialogue were issues identified in these recommendations, focusing on questions of particular importance to young people in the context of energy policy. These included - The just transition and inclusion of vulnerable groups
- Renewables
- Grids and infrastructure
- Skills and education
- Net-zero standards
- Energy financing
- Integration of electricity market
The group highlighted their key priorities both in their recommendations and in the Dialogue with Commissioner Jørgensen. First, they emphasised the importance of inclusion, urging support for vulnerable groups and opportunities for citizens to become active participants rather than just consumers in the energy transition. Another major focus was skills and education, with a call to provide training on energy issues and career support for young people and workers moving into green jobs. Additionally, they stressed the need for stronger electricity interconnections to enhance energy security and flexibility across Europe. Young people also raised other important issues, such as the competitiveness of hydrogen or the financing of the just transition. Finally, they highlighted the importance of energy affordability for consumers while phasing out fossil fuel subsidies.
In his reactions, the Commissioner reaffirmed the EU's commitment to the green transition, stressing the need for more ambition despite the global challenges. He emphasised Europe's strengths, including democracy and social models, and underlined the need not to lower standards. He agreed with the importance of investing in skills development and the need for rapid electrification and improved energy grid interconnections to meet future energy goals and enhance system flexibility.
In addition to discussing energy policy, the event also included a segment dedicated to looking at how future Youth Policy Dialogues might be structured, with the aim of making these dialogues as impactful as possible for those involved.
The Dialogue saw involvement from a diverse group of young leaders, with representatives from networks including the Young Energy Ambassadors (YEA) and the European Youth Energy Network (EYEN). The participants came from a wide range of backgrounds and interests, including research, industry, business, energy studies, youth advocacy and NGOs providing a rich and varied set of perspectives.
The outcome of these discussions will feed into the Commission’s energy policy-making deliberations, thereby pursuing President Von der Leyen’s pledge to include opinions from young people in the EU approach to achieving a clean, sustainable, and fair energy transition.
Source: energy.ec.europa.eu |
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