Mongolian
On August 28, Prime Minister G.Zandanshatar met with mining sector representatives to discuss the government’s decision to revise the methodology for calculating royalties.
Under the new approach, royalties are calculated based on trading prices at the Mongolian Stock Exchange instead of international benchmark prices. The change aims to ease financial pressure on companies, which had previously faced higher fees than their actual sales value when global prices fell.
D.Enkhbat, Director of Energy Resources LLC, welcomed the shift to a more accurate royalty system but asked the government to extend the implementation period. Currently, the new calculation method is scheduled to remain in effect only until the end of the year.
