Mongolia swaps board seats for a 60% revenue share. Inside the bold move to build a mining-backed sovereign wealth empire by 2030.

Mongolia courts Washington on critical minerals, but power shortages and state ownership risks shadow the pitch.

Record gold prices should lift Mongolia. Instead, exports fall as regulation, smuggling, and licensing delays drain billions in potential revenue.

At Davos in January, Prime Minister Gombojavyn Zandanshatar signed Mongolia onto Donald Trump’s “Board of Peace,” securing founding member status in a body pitched as an alternative to the United Nations. U.S. President Donald Trump and Mongolian Prime Minister Gombojavyn Zandanshatar at the Davos Forum (source: graph.mn) The government sells this as continuity with Mongolia’s multi-pillar peaceful foreign policy. In practice, it marks a sharper turn toward transactional dipl

Mongolia tax cuts gain momentum as inflation cools—but weak investment, SOEs, and politics raise risks beneath the surplus.

Mongolia trade faces a real test as the EAEU deal weighs diversification gains against import risks, weak demand, and geopolitical exposure.