AGP Executive Report
Last update: 7 hours agoCashmere: The ILO says its workplace program boosted productivity at two Mongolian cashmere firms by 179.4% and 76.5%, cut defects at another by 66.6%, and reduced one company’s energy use by 17%. Mining & Public Finance: Mongolia withdrew its plan to spend Oyu Tolgoi’s expected 2027 dividend on projects; the roughly $833 million is now expected to go to the Savings Fund. Azzuro Resources is drilling its Red Hill copper-gold project, with results pending. Trade & Investment: A Mongolia-Belarus business forum produced 17 deals worth $50 million, while the presidents agreed to expand economic ties. Energy & Finance: Khan Bank secured a $130 million green loan. Toshiba will pair a fast-response battery with longer-duration storage for Mongolia’s grid. Agriculture: Mongolia proposed four areas of cooperation on water-saving farming, as officials cited limited pasture water access and pressure on land. Mining Contracts: Thiess won two five-year mining contracts in Mongolia.
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