AGP Executive Report
Last update: 8 hours agoMongolian Markets: The Mongolian Stock Exchange saw 4.7 million securities traded worth MNT 10.8 billion (July 19–26). TOP-20 and MSE A rose (+2.02%, +1.43%), while MSE B and FTI slipped (-0.73%, -0.51%); activity clustered in large caps like BDSec, Invescore NBFI, Ard Financial Group, Khan Bank and Golomt Bank. Mining & Copper in Mongolia: Rio Tinto says it’s doubling down on cost cuts and productivity, with Simon Trott targeting $1.8bn savings by year-end; the company also points to ramping Oyu Tolgoi copper work in Mongolia as its main near-term growth lever. Rare Earth Supply Chains: POSCO International signed an MoU with Brazil’s Meteoric Resources to secure rare earth intermediates from the Caldeira project and refine them into oxides for permanent magnet makers. Energy Transition Finance: ADB is expected to back Pakistan’s border connectivity and logistics upgrade, with a CAREC ministerial conference planned in Mongolia on Sept 29–30. Global Heritage Watch: UNESCO added 25 new World Heritage sites, including D-Day Landing Beaches and Mount Olympus—plus Mongolia’s “Tombs of the Xiongnu Ruling Elite” among the year’s additions.
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