The Government has established a working group to prepare the Bortee portion of the Tavantolgoi coal group deposits for entry into economic circulation and to select investors, the Cabinet announced on January 7.
The move follows Parliament Resolution No. 03 dated November 14, 2025, which tasked the Government to implement the Law on the National Wealth Fund and to bring unused parts of the Tavantolgoi deposit group into productive use in a way that protects the equal rights of current and future citizens and secures long-term, efficient use of the resource.
As part of the preparation, the Government plans a transparent, open investor-selection process. Officials said an international open call for proposals (Expression of Interest) will be announced on January 9, 2026 to gauge investor interest. The process will include sharing full project information with potential investors, collecting feedback, organising a competitive selection, and submitting proposals to the Government and Parliament.
The Bortee deposit lies within the special license area held by Erdenes Tavan Tolgoi JSC, which includes the Tsankhi, Bortolgoi, Onchkharaat and Bortee deposits. A feasibility study (FES) for Bortee was produced in 2020, with detailed exploration carried out to JORC standards. A detailed verification FES is scheduled for completion in the first quarter of 2026.
Officials note that global coal-market dynamics, including China’s growing share of electricity from renewables and tightening climate policies, create a risk of reduced coal demand and prices after 2030. To manage that risk and secure revenues now, many countries are accelerating the economic development of coal deposits over the next five years to maximise export potential and maintain income and fiscal returns.
Authorities say the Bortee development will follow key principles:
- Open and transparent receipt of investor proposals (Expression of Interest).
- Market-based coal pricing.
- Ensuring the majority of project benefits accrue to Mongolia.
- Support for value-added processing and local production.
- Full transparency across all stages of bringing the deposit into economic circulation.
The Government expects that once Bortee generates income, public benefits will increase, the National Wealth Fund will be replenished, and the state will gain greater fiscal space to address social and economic priorities.
The Government has established a working group to prepare the Bortee portion of the Tavantolgoi coal group deposits for entry into economic circulation and to select investors, the Cabinet announced on January 7.
The move follows Parliament Resolution No. 03 dated November 14, 2025, which tasked the Government to implement the Law on the National Wealth Fund and to bring unused parts of the Tavantolgoi deposit group into productive use in a way that protects the equal rights of current and future citizens and secures long-term, efficient use of the resource.
As part of the preparation, the Government plans a transparent, open investor-selection process. Officials said an international open call for proposals (Expression of Interest) will be announced on January 9, 2026 to gauge investor interest. The process will include sharing full project information with potential investors, collecting feedback, organising a competitive selection, and submitting proposals to the Government and Parliament.
The Bortee deposit lies within the special license area held by Erdenes Tavan Tolgoi JSC, which includes the Tsankhi, Bortolgoi, Onchkharaat and Bortee deposits. A feasibility study (FES) for Bortee was produced in 2020, with detailed exploration carried out to JORC standards. A detailed verification FES is scheduled for completion in the first quarter of 2026.
Officials note that global coal-market dynamics, including China’s growing share of electricity from renewables and tightening climate policies, create a risk of reduced coal demand and prices after 2030. To manage that risk and secure revenues now, many countries are accelerating the economic development of coal deposits over the next five years to maximise export potential and maintain income and fiscal returns.
Authorities say the Bortee development will follow key principles:
- Open and transparent receipt of investor proposals (Expression of Interest).
- Market-based coal pricing.
- Ensuring the majority of project benefits accrue to Mongolia.
- Support for value-added processing and local production.
- Full transparency across all stages of bringing the deposit into economic circulation.
The Government expects that once Bortee generates income, public benefits will increase, the National Wealth Fund will be replenished, and the state will gain greater fiscal space to address social and economic priorities.