The "Mongolian Stock Exchange" JSC was granted a special license to operate the activities of a mining commodities exchange during the regular meeting of the Financial Regulatory Commission on June 30, 2023.

The Law on Mining Products Exchange was approved by the Parliament of Mongolia and is effective June 30, 2023, to organize the open, transparent, and fair trading of mining products, to create opportunities for real market prices to be established, and to increase the industry's contribution to the country's economic growth.

"Mongolian Stock Exchange" JSC has developed five regulations regulating the 11 relations specified in the Law on Mining Products Exchange. At the meeting, permission to implement these regulations was granted, and proposals submitted by the "Mongolian Stock Exchange" JSC for the service fee of the mining products exchange were determined.

Until the enforcement day of the law on mining products exchange, the government has been instructed to conduct coal trading through the Mongolian Stock Exchange and the Financial Regulatory Commission to supervise online e-auction trading, respectively. As of today, this involved 54 online e-auction coal trading sessions, resulting in the trading of 3.11 million tons of coal for 1.3 trillion MNT.

It was decided to be executed by the Mongolian Stock Exchange" JSC according to the law on mining products exchange, which states that the exchange must be a legal entity with state ownership, and the Government will decide if it is performed by the authorized organization to carry out activities specified in the Law on the Securities Market. 

Thus, at the meeting of the Financial Regulatory Commission, the Mongolian Stock Exchange JSC was granted special permission to operate a mining commodities exchange and became the first mining commodities exchange in Mongolia.

MONGOLIAN STOCK EXCHANGE