AGP Executive Report
Last update: 7 hours agoGas Development: TMK Energy’s discovery declaration for its Gurvantes XXXV coal-seam gas project has been accepted, opening the evaluation phase and a route toward a production licence; commercial viability is not yet established. Power: Construction of the Erdeneburen hydropower plant is 40% complete. The $266.4 million project is intended to boost domestic supply and reduce western Mongolia’s reliance on imported electricity. Mining and Trade: Rio Tinto reported a 30% rise in copper production at Oyu Tolgoi. Mongolia’s coal shipments to China slipped 8% year-on-year in September, but exports for the first nine months were up 40% to 86.93 million tonnes. Renewables: Saudi Arabia’s ACWA Power is exploring a 4.5-gigawatt renewable-energy export project in Mongolia. Food Production: Mongolia plans a school and kindergarten meal production system, backed by an $8 million KOICA grant to renovate schools and equip a training center.
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