Mining

With a focus on curbing political risk to encourage new investment, Mongolian authorities are striving to build a competitive industry to develop the country’s abundant natural resources. Copper regained its place as Mongolia’s top export in 2014, and is the primary focus of new exploration alongside gold and niche minerals such as fluorspar and rare earth metals. While the coalition government has toned down its rhetoric of resource nationalisation, the challenge will be in implementing regulations and the treatment of existing disputes. Achieving a delicate balance between participating in projects and enabling private investment will be integral to commercialising strategic deposits, as well as building much-needed infrastructure. Despite recent delays, the government has made concerted efforts to rebuild investor confidence and expedite development of large projects, to the benefit of both the sector and the wider economy.

This chapter contains interviews with G. Batsukh, Chairman, Oyu Tolgoi; and George Lloyd, Managing Director, Xanadu Mines.

Cover of The Report: Mongolia 2015

The Report

This chapter is from the Mongolia 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of OBG talks to George Lloyd, Managing Director, Xanadu Mines
George Lloyd, Managing Director, Xanadu Mines: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×