TERRITORY MANAGER (LG) & EXECUTIVE DIRECTOR (MS), ORICA
"Our work has shown how a contracting company can be a part of the industry’s sustainability journey, and how FDI can make a difference in a country like Mongolia, where mining is still young."
"Gobi Venture envisions an IPO on the ASX in 2025. We believe that our de-risked project, coupled with its enormous potential, will present a captivating value proposition to investors."
"I believe Mongolia has all the potential to become an important player in the critical mineral space. The country remains broadly underexplored for these materials."
"Mongolia's mining sector is relatively young and has a lot of potential for exploration and extraction, so it is expected to become a major sector attracting foreign investment in the future."
EXECUTIVE CHAIRMAN AND MANAGING DIRECTOR, XANADU MINES
"Kharmagtai is strongly positioned to become Mongolia’s next large-scale copper mine amongst only a handful of new global mines delivering copper within the next 4 years."
"QMC has been instrumental in shaping new legislation, bridging the divide between authorities and private investors by offering expertise in aligning projects with broader societal and environmental benefits."
"Bridging essential expertise and specialties, BRP is expanding our network through international collaboration to bring knowledge, skills, and investment into the country."
MACIG 2025 - Mining in Africa Country Investment Guide
It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.