AGP Executive Report
Last update: 8 hours agoGrowth Outlook: The EBRD expects Central Asia to grow 5.8% in 2026 and 5.3% in 2027, revising Mongolia’s outlook upward on record mining output. Fuel disruptions, high energy costs and water scarcity remain risks. Corporate Accountability: South Korea fined battery-materials maker Kumyang 7.63 billion won over accounting fraud, including improperly consolidating its Mongolian unit and failing to recognize an impairment loss. Investment Drive: Mongolia is targeting $5.5 billion in annual foreign investment by 2028, with a proposed 30-day deadline for resolving investor complaints and incentives for projects above MNT100 billion. Mining Projects: Entrée Resources says talks continue over state participation in the area of its Shivee Tolgoi and Javkhlant licenses; transferring them to Oyu Tolgoi is required for Lift 1 underground development. Fuel Supply: Mongolia has contracted 78,000 tonnes of Russian fuel as shortages add pressure to the economy.
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