AGP Executive Report
Last update: 10 hours agoHousing: Mongolia’s 100,000-homes programme aims to deliver the homes by 2030, including 40,000 state-built units. More than half are earmarked for ger district households, but eligibility and allocation rules are still being worked out. Mining: Oyu Tolgoi produced 113,500 tonnes of copper in the third quarter, up 27% year on year, as underground operations ramped up. Rio Tinto has also begun a phased restart after a seismic event caused a localised rockfall and injured three workers. Trade: Copper exports to China have fallen 70% amid border restrictions, with a reported $300 million decline and potential losses reaching $1.2 billion by year-end. Investment and retail: Mongolia and India discussed cooperation on rare earths, an oil refinery and technology. Meanwhile, Russian discount retailer Fix Price is exiting Mongolia, while E-Mart has opened its seventh store and plans an eighth.
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