Special regime success has strengthened Mongolia’s coal sector, driving record exports and operational reforms at Erdenes Tavantolgoi. On October 4, 2025, Prime Minister Zandanshatar Gombojav visited the company to review results achieved during the three-month special regime period.
The visit followed the commissioning of a new mine at the Tsankhi section. This development enables the sale of high-quality 1/3 coking coal at international market prices, thereby enhancing revenue potential. Moreover, the government introduced the special regime on July 9, 2025, to revive the economy, boost coal transportation, and ensure the National Wealth Fund Law’s implementation.
To achieve these objectives, authorities appointed a team of Special Plenipotentiary Representatives to lead governance and operational reforms. In particular, Byambasuren Urgamal, head of the team and Deputy Chief of the Cabinet Secretariat, outlined key results. During this period, the company resumed coal exchange trading, completing 75 trades and selling 5.8 million tons of coal, ultimately generating USD 513.8 million.
As a result, monthly coal transport increased from 1.7 million to 2.8 million tons, marking a 1.6-fold jump. In addition, equipment readiness improved significantly, rising from 56 percent to 81 percent. Furthermore, the team introduced a real-time dashboard to monitor mining and transportation, thereby strengthening accountability.
In parallel, the company developed a 2026–2029 mid-term strategy through collaboration with government agencies. Meanwhile, the commissioning of the new mine boosted product quality and led to a 40 percent increase in unit economic efficiency.
In September, coal exports reached a record 3.2 million tons through the Gashuunsukhait and Khangi border ports, surpassing August’s 2.7 million tons. Notably, these figures represent the highest monthly exports in the company’s history.
Additionally, special regime success also supported national economic stability. Prime Minister Zandanshatar emphasized that the reforms boosted foreign exchange reserves and stabilized operations. He also expressed gratitude to the special representatives and company staff for delivering measurable outcomes.
He added that Erdenes Tavantolgoi played a vital role in Mongolia’s 5.7 percent economic growth. Furthermore, the government expects higher coal sales in October, November, and December, which will increase revenues and generate a budget surplus.
Looking ahead, the Prime Minister urged further cost reductions, efficiency improvements, and technological adoption. He also outlined plans to transform Erdenes Tavantolgoi into an open joint-stock company with public participation.
Finally, the Cabinet will soon decide whether to extend the representatives’ mandate. Officials aim to maintain operational discipline and continue leveraging special regime success to strengthen Mongolia’s economic base.
