AGP Executive Report
Last update: 8 hours agoUNCCD COP17 in Ulaanbaatar: Mongolia kicked off COP17 on desertification under “Restore the land, restore hope,” with PM Nyam-Osoryn Uchral urging concrete, measurable action and noting 80% of the country faces soil degradation. China–Mongolia land restoration push: China is backing the summit and supporting Mongolia with saplings and restoration know-how, including shipments of 11.7 million saplings and joint sandstorm monitoring. Green housing in Ulaanbaatar: The first 110 green housing units at the Sharkhad sub-center were completed, targeting major cuts in energy and water use and earning EDGE certification. Mining and biodiversity offsets: Mongolia signed an MoU to reduce mining impacts on biodiversity using science-based offset measures and outcome-based financing. Mongolian mining revenue up: Mongolian Mining Corporation reported 1H2026 revenue of about $586.2m, up 69% year-on-year, driven by higher washed coking coal sales and price. Defense manufacturing upgrade: Mongolia’s ammunition factory with Turkey’s MKE has begun production, adding domestic capability and diversifying the defense sector. Regional business links: A Busan medical tourism fair will bring buyers from 10 countries, including Mongolia, to expand referral channels.
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