Can you provide an update on Murray Mining Services?

In January 2025, Murray Mining Services (MMS) acquired our own dedicated facility to support and expand our operations and manufacturing capabilities. This boosts production, enables tailored solutions, and adds a modern training center for staff development. 

At MMS, we recognize that long-term sustainability requires strategic foresight and adaptability. To stay resilient, we are diversifying beyond mining, currently exploring opportunities in new industries, including construction and retail sectors. 

In what ways will your Underground Electric Loader Battery Transportation Attachment improve the mining industry?

Our Underground Electric Loader Battery Transportation Attachment is designed specifically to address three critical challenges in modern mining operations: operator safety, efficiency, and battery swap downtime. Our solution makes battery swaps safer, faster, and less physically demanding.  It is already in use across Africa, South America, and the US, with strong operational results.

What is your overall assessment of Mongolia as a mining jurisdiction?

At present, Mongolia is navigating a period of uncertainty. Political instability and falling coal prices have hurt investor confidence and the economy. That said, it is not all negative. We are seeing strong global demand and record-high prices for gold, copper and REEs, which has prompted a shift in focus for many mining companies operating in Mongolia. 

Looking ahead, Mongolia has substantial potential as a mining jurisdiction. With greater political stability, clearer regulatory frameworks, and transparency, the country is well-positioned to attract foreign direct investment. Large projects are underway, but workforce capacity and technical expertise remain key challenges. Mongolia still holds significant long-term promise, but like many resource-rich nations, realizing that potential will depend on how well governance aligns with market conditions and investor expectations.

How can mining attract more skilled labor, particularly in younger generations?

While salary remains a major factor, the workplace environment is becoming increasingly important to younger generations. At MMS, we foster a welcoming, supportive, and rewarding workplace.  The mining industry needs to evolve by listening more closely to the expectations of younger professionals. If we can offer not just a good salary, but also a strong culture, clear development paths, and purpose-driven work, we will be in a much stronger position to attract and retain skilled talent for the future. This pushes us to continually improve as employers.

How is MMS adopting new technologies?

We avoid untested tools that risk downtime or reduced productivity. We focus on proven technologies, many from our parent company in Australia. We adapt these technologies to suit Mongolian conditions and workflows. One example is our use of an ERP system that helps streamline our operations, improve planning and make data more accessible across departments. Real-time data is vital for decision-making.

Ultimately, technology is a tool that supports our people. When it is implemented thoughtfully, it helps us work smarter, reduce waste, and improve overall efficiency without disrupting the hands-on nature of our work.

What should be the focus of the new government to aid the mining industry?

The government should focus on making both working and living in Mongolia more attractive, not just for foreign nationals but also for Mongolians themselves. Skilled labor is leaving due to high taxes and lower wages than abroad. If the government wants to support the mining industry, it needs to address these structural issues as a priority. Improving wage competitiveness, reforming tax policies, and creating better living standards will go a long way in retaining talent and ensuring that Mongolia can support its growing number of large-scale mining projects with a strong and stable workforce.

What are your plans for the future of MMS?

Our focus for the future is on expanding and building long-term sustainability. We want to ensure that MMS is not dependent on a single service or product line. Diversifying our offerings will strengthen our position in the market and allow us to better serve our clients, especially as their needs evolve. One of our key initiatives is the development of in-house product lines manufactured at our newly established facility. We developed a product catalogue based on customer needs. This approach eliminates the need for customers to source products from overseas, reducing logistical challenges, lead times, and costs. It provides locally available, high-quality solutions.