Mongolia's economic story extends far beyond the headlines. Explore the companies, projects, and businesses shaping the country's investment landscape and unlocking new opportunities.
Erdene Resource Development Corporation is a Canadian mining company founded in 2000 and listed on the Mongolian Stock Exchange in April 2018. The company is headquartered in Dartmouth, Nova Scotia, a
Golomt Bank was established on 6 March 1995 as a subsidiary of Bodi International LLC, a major player in Mongolia's social and economic sector. It is the second-largest bank in Mongolia by total assets, serving 1.2 million customers through 107 branches.
ICFG Limited is an international financial services group whose shares trade on the Main Market of the London Stock Exchange (LSE: ICFG). The Group was founded in Mongolia in 2016 and took its current
Invescore NBFI JSC is a financial services company founded in 2016 and listed on the Mongolian Stock Exchange in May 2019. The company is led by CEO Orolmaa Dashnyam and operates from Ulaanbaatar. Per
Khan bank JSC is a financial services company founded in 1991 and listed on the Mongolian Stock Exchange in September 2022. The bank is led by CEO Munkhtuya Rentsenbat and headquartered in Ulaanbaatar
LendMN is a financial services company founded in 2016 and listed on the Mongolian Stock Exchange in March 2018, led by CEO Uuganbayar Tserendorj and headquartered in Ulaanbaatar. Per MSE issuer discl
Established in 1991 by government decree, the Mongolian Stock Exchange (MSE) serves as the country's principal platform for securities and mining commodities trading. Originally created to facilitate
Monlogistics Holding JSC traces its origins to 2005, when Monlogistics Group commenced operations as an international freight forwarding company. The Group has since grown into one of Mongolia's leadi
Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru, with its flagship project being the wholly owned Altan Tsagaan Ovoo property c
Achit Alkaby JSC was established in 1991 and is listed on the Mongolian Stock Exchange. The Company operates in the agriculture sector, with its principal activities focused on crop cultivation, lives
Aduunchuluun is a mining company founded in 1954 and listed on the Mongolian Stock Exchange in February 1995. Per MSE issuer disclosure, the company reported revenue of MNT 1.3 billion and total asset
Altain Zam JSC, trading on the Mongolian Stock Exchange under the ticker AZH, operates in the infrastructure sector. The company was founded in 1935 and listed on the MSE in November 1992. Its market
APU JSC is Mongolia's leading beverage and liquid-food producer, tracing its origins to 1924, when it began as a small hand-operated distillery in Ulaanbaatar with 14 employees. It is one of the count
Ar Bayankhangai JSC is an infrastructure company founded in 1970 and listed on the Mongolian Stock Exchange in January 1994. Per MSE issuer disclosure, the company held total assets of MNT 10.2 millio
Ard Financial Group JSC was founded in 2005 and is one of Mongolia's leading diversified financial services holding companies. The Group invests in and develops businesses across banking, non-bank fin
Ard Insurance JSC is one of Mongolia's oldest private insurers, listed on the Mongolian Stock Exchange under the ticker AIC. Founded in 1994, it offers property, health, liability, motor and general i
Ard Investment Group JSC, formerly Khuvsgul JSC, was founded in 1972 and listed on the Mongolian Stock Exchange in July 1992 in the exchange's Category III. Following a resolution of the extraordinary
Arig Gal JSC is a cashmere and textile company founded in 1981 and listed on the Mongolian Stock Exchange in June 1991. Per MSE issuer disclosure, the company held total assets of MNT 122 billion, whi
Arvijikh JSC trades on the Mongolian Stock Exchange under the ticker ARJ, having been listed since November 1972. Per MSE issuer disclosure, the company holds total assets of MNT 22.4 million, while i
ASBI JSC was established in 1946 and reorganized as a joint-stock company in 1993. The Company is listed on the Mongolian Stock Exchange and operates in the public utility and civil engineering infras
Aspire Mining Limited (ASX: AKM) holds the Ovoot (100%) and Nuurstei (90%) mining licenses in Khuvsgul aimag (province) of north-western Mongolia which both contain premium quality coking coal, a crit
Atar-Urguu JSC operates in the consumer and services sector and was founded in 1941, making it one of Mongolia's older commercial enterprises. The company listed on the Mongolian Stock Exchange in Feb
Autoimpex JSC, founded in 1934, operates as a state-owned conglomerate with major shareholders including Tserenpuntsag Tsedendamba, Sergen Mandalt LLC, and the Mongolian state. The company maintains p
Autozam JSC is a Mongolian road construction company listed on the Mongolian Stock Exchange under the ticker AAR. The exchange classifies it under construction, with specialised construction activitie
Azyk JSC is a consumer and services company founded in 1970 and listed on the Mongolian Stock Exchange in November 1992. Per MSE issuer disclosure, the company reported revenue of MNT 800 thousand and
Azzuro Resources PLC (ASX: AZ9), formerly Asian Battery Metals PLC, is an ASX-listed copper and base metals exploration company advancing a growing project cluster in southwest Mongolia. AZ9 is anchor
Baganuur JSC is Mongolia's leading thermal coal producer and one of the country's largest open-pit mining companies. The Company operates the Baganuur Coal Mine, supplying a significant portion of the
Barilga Corporation JSC operates in the infrastructure sector and has been listed on the Mongolian Stock Exchange since January 1997, the same year the company was founded. Per MSE issuer disclosure,
Bayangol Hotel JSC operates in the consumer and services sector and was founded in 1964, making it one of Mongolia's longer-established hospitality businesses. The company listed on the Mongolian Stoc
Bayanteeg JSC is a thermal coal mining company operating the Bayanteeg Coal Mine in Nariinteel soum, Uvurkhangai Province, Mongolia. Established in 1962, the Company is one of Mongolia's longest-opera
BDSec JSC is a capital markets firm founded and listed on the Mongolian Stock Exchange in 1991. The company's major shareholders include Alexander Zwahr, D. Dayanbilguun, Tasgan Invest LLC, Mongolian
Berkh Uul JSC is a Mongolian mining company focused on the exploration, mining, and development of fluorspar and other mineral resources. Established in 1954, the Company operates the historic Berkh F
Blue Sky Securities JSC, founded in 2011, operates in Mongolia's capital markets industry. The company's major shareholders include G. Oyunbold and Mezza Financial Group LLC. It provides securities br
Bodi Insurance is one of the largest insurers in Mongolia, operating with over 100 employees across 21 provinces and partnering with AXA since 2014 to provide online insurance services with InsurTech
Bornuur JSC was established in 1970 and reorganized as a joint-stock company in 1992. The Company operates in the agricultural sector, with its principal activities focused on crop cultivation, livest
Bukhug JSC was established in 1967 and is listed on the Mongolian Stock Exchange. The Company operates in the poultry farming sector, with its principal activities including poultry breeding, egg prod
Buligaar JSC is a cashmere and textile manufacturer founded in 1934. The company reported revenue of MNT 4.58 billion and total assets of MNT 2.02 billion, per MSE issuer disclosure. Major shareholder
Buteelch Uils JSC operates in Mongolia's cashmere and textile industry, having been founded in 1970 and listed on the Mongolian Stock Exchange in December 1992. Per MSE issuer disclosure, the company
Buunii Hudaldaa JSC operates in the logistics sector and was founded in 1970. The company has been listed on the Mongolian Stock Exchange since November 1994. Per MSE issuer disclosure, total assets s
Crypto Nation JSC is a cryptocurrency investment and blockchain mining company established in December 2017 as a closed investment fund. The company manages cryptocurrency portfolios and blockchain mi
Darkhan Guril Tejeel JSC operates in the consumer and services sector and was founded in 1970. The company reported revenue of MNT 65.6 million and total assets of MNT 435 billion, per MSE issuer disc
Darkhan Hotel JSC operates the oldest hotel in Darkhan, Mongolia's third-largest city, and is listed on the Mongolian Stock Exchange under the ticker DZG. Opened in 1982 and in continuous operation si
Darkhan Khuns JSC is a consumer and services company founded in 1969 and listed on the Mongolian Stock Exchange in 1996. Per MSE issuer disclosure, the company reported revenue of MNT 3.03 trillion an
Darkhan Khuvun JSC was founded in 1982 and listed on the Mongolian Stock Exchange in January 1993. Per MSE issuer disclosure, the company held total assets of MNT 18.2 billion, while its market capita
Darkhan Nekhii JSC is Mongolia's leading leather and sheepskin processor, listed on the Mongolian Stock Exchange under the ticker NEH. Established in 1972 with Bulgarian technical assistance, it is th
Darkhan-Selenge Electric Distribution Network JSC (DSEDN JSC) was established in 1965 and is one of Mongolia's leading regional electricity distribution companies. The Company provides electricity dis
Darkhan Us Suvag JSC was established in 1965 and is the primary water supply and wastewater utility company serving Darkhan City, Mongolia. The Company provides potable water supply, wastewater collec
Erdene Resource Development CorporationERDNMiningMiningErdene Resource Development Corporation is a Canadian mining company founded in 2000 and listed on the Mongolian Stock Exchange in April 2018. The company is headquartered in Dartmouth, Nova Scotia, aGolomt BankGLMTFinancial ServicesFinancial ServicesGolomt Bank was established on 6 March 1995 as a subsidiary of Bodi International LLC, a major player in Mongolia's social and economic sector. It is the second-largest bank in Mongolia by total assets, serving 1.2 million customers through 107 branches.ICFG LimitedFinancial ServicesFinancial ServicesICFG Limited is an international financial services group whose shares trade on the Main Market of the London Stock Exchange (LSE: ICFG). The Group was founded in Mongolia in 2016 and took its currentInvescore NBFIINVFinancial ServicesFinancial ServicesInvescore NBFI JSC is a financial services company founded in 2016 and listed on the Mongolian Stock Exchange in May 2019. The company is led by CEO Orolmaa Dashnyam and operates from Ulaanbaatar. PerKhan BankKHANFinancial ServicesFinancial ServicesKhan bank JSC is a financial services company founded in 1991 and listed on the Mongolian Stock Exchange in September 2022. The bank is led by CEO Munkhtuya Rentsenbat and headquartered in UlaanbaatarLendMNLENDFinancial ServicesFinancial ServicesLendMN is a financial services company founded in 2016 and listed on the Mongolian Stock Exchange in March 2018, led by CEO Uuganbayar Tserendorj and headquartered in Ulaanbaatar. Per MSE issuer disclMongolian Stock Exchange JSCMSEOtherOtherEstablished in 1991 by government decree, the Mongolian Stock Exchange (MSE) serves as the country's principal platform for securities and mining commodities trading. Originally created to facilitate Monlogistics HoldingMLGLogisticsLogisticsMonlogistics Holding JSC traces its origins to 2005, when Monlogistics Group commenced operations as an international freight forwarding company. The Group has since grown into one of Mongolia's leadiSteppe Gold LtdSTEPMiningMiningSteppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru, with its flagship project being the wholly owned Altan Tsagaan Ovoo property cAltain Zam JSCAZHInfrastructureInfrastructureAltain Zam JSC, trading on the Mongolian Stock Exchange under the ticker AZH, operates in the infrastructure sector. The company was founded in 1935 and listed on the MSE in November 1992. Its market APU JSCAPUConsumer & ServicesConsumer & ServicesAPU JSC is Mongolia's leading beverage and liquid-food producer, tracing its origins to 1924, when it began as a small hand-operated distillery in Ulaanbaatar with 14 employees. It is one of the countArd Financial GroupFinancial ServicesFinancial ServicesArd Financial Group JSC was founded in 2005 and is one of Mongolia's leading diversified financial services holding companies. The Group invests in and develops businesses across banking, non-bank finArd InsuranceAICFinancial ServicesFinancial ServicesArd Insurance JSC is one of Mongolia's oldest private insurers, listed on the Mongolian Stock Exchange under the ticker AIC. Founded in 1994, it offers property, health, liability, motor and general iAtar-Urguu JSCATRConsumer & ServicesConsumer & ServicesAtar-Urguu JSC operates in the consumer and services sector and was founded in 1941, making it one of Mongolia's older commercial enterprises. The company listed on the Mongolian Stock Exchange in FebBaganuurBANMiningMiningBaganuur JSC is Mongolia's leading thermal coal producer and one of the country's largest open-pit mining companies. The Company operates the Baganuur Coal Mine, supplying a significant portion of theBarilga Corporation JSCBRCInfrastructureInfrastructureBarilga Corporation JSC operates in the infrastructure sector and has been listed on the Mongolian Stock Exchange since January 1997, the same year the company was founded. Per MSE issuer disclosure, Bayangol Hotel JSCBNGConsumer & ServicesConsumer & ServicesBayangol Hotel JSC operates in the consumer and services sector and was founded in 1964, making it one of Mongolia's longer-established hospitality businesses. The company listed on the Mongolian StocBayanteeg JCSBTGMiningMiningBayanteeg JSC is a thermal coal mining company operating the Bayanteeg Coal Mine in Nariinteel soum, Uvurkhangai Province, Mongolia. Established in 1962, the Company is one of Mongolia's longest-operaBDSec JSCBDSCapital MarketsCapital MarketsBDSec JSC is a capital markets firm founded and listed on the Mongolian Stock Exchange in 1991. The company's major shareholders include Alexander Zwahr, D. Dayanbilguun, Tasgan Invest LLC, Mongolian Blue Sky Securities JSCCapital MarketsCapital MarketsBlue Sky Securities JSC, founded in 2011, operates in Mongolia's capital markets industry. The company's major shareholders include G. Oyunbold and Mezza Financial Group LLC. It provides securities brBodi Insurance JSCFinancial ServicesFinancial ServicesBodi Insurance is one of the largest insurers in Mongolia, operating with over 100 employees across 21 provinces and partnering with AXA since 2014 to provide online insurance services with InsurTech Buligaar JSCMBGCashmere & TextileCashmere & TextileBuligaar JSC is a cashmere and textile manufacturer founded in 1934. The company reported revenue of MNT 4.58 billion and total assets of MNT 2.02 billion, per MSE issuer disclosure. Major shareholderButeelch Uils JSCBLCCashmere & TextileCashmere & TextileButeelch Uils JSC operates in Mongolia's cashmere and textile industry, having been founded in 1970 and listed on the Mongolian Stock Exchange in December 1992. Per MSE issuer disclosure, the company Crypto Nation JSCFinancial ServicesFinancial ServicesCrypto Nation JSC is a cryptocurrency investment and blockchain mining company established in December 2017 as a closed investment fund. The company manages cryptocurrency portfolios and blockchain miDarkhan Guril Tejeel JSCDARConsumer & ServicesConsumer & ServicesDarkhan Guril Tejeel JSC operates in the consumer and services sector and was founded in 1970. The company reported revenue of MNT 65.6 million and total assets of MNT 435 billion, per MSE issuer discDarkhan Hotel JSCDZGConsumer & ServicesConsumer & ServicesDarkhan Hotel JSC operates the oldest hotel in Darkhan, Mongolia's third-largest city, and is listed on the Mongolian Stock Exchange under the ticker DZG. Opened in 1982 and in continuous operation siDarkhan Khuns JSCDHUConsumer & ServicesConsumer & ServicesDarkhan Khuns JSC is a consumer and services company founded in 1969 and listed on the Mongolian Stock Exchange in 1996. Per MSE issuer disclosure, the company reported revenue of MNT 3.03 trillion anDarkhan Nekhii JSCNEHCashmere & TextileCashmere & TextileDarkhan Nekhii JSC is Mongolia's leading leather and sheepskin processor, listed on the Mongolian Stock Exchange under the ticker NEH. Established in 1972 with Bulgarian technical assistance, it is thDarkhan-Selenge Electricity Distribution Network JSCDSSEnergyEnergyDarkhan-Selenge Electric Distribution Network JSC (DSEDN JSC) was established in 1965 and is one of Mongolia's leading regional electricity distribution companies. The Company provides electricity disDarkhan-Us Suvag JSCDUSEnergyEnergyDarkhan Us Suvag JSC was established in 1965 and is the primary water supply and wastewater utility company serving Darkhan City, Mongolia. The Company provides potable water supply, wastewater collec