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Good morning! Summer isn't quite summering. Even during what is typically the warmest season of the year, some parts of Mongolia have seen snowfall, a stark reminder of increasingly erratic weather patterns. With rain expected across much of the country this week, the latest conditions underscore the growing impact of climate change on a landscape long defined by its extremes. So stay warm, and welcome to today's briefing. 🧣🤗

What’s inside today’s edition…

• 🧶 5 colors of cashmere head to Europe

• 🌿 TESO Group deepens ESG execution in 2025

• 🏢 How big are Mongolia’s Top 100 enterprises?

We’ve got a lot to cover, so let’s get moving. 🐐

MARKET

GOV: Government to establish Cambridge curriculum schools in all 21 provinces. 

MNG: Bortee deposit launches operations, set to create 1,500 jobs in the Gobi region.

EU: Mongolia to export 5 natural colors of cashmere to Europe.

🍀 TESO Group Deepens ESG Execution in 2025

2025 marks TESO Group’s shift from ESG commitments to operational impact.

• 🗞️ Business Brief: Before we dive into ESG report, in 2025 the group became the first Mongolian partner of OpenAI and launched a taxi service via the Tino Super App across local and South Asian markets.

🏭 Industrial Transformation at Scale

At the center of this transformation is the TESO Foods Park, a 13-hectare integrated industrial complex strengthening domestic production and reducing import dependence. The facility integrates production, logistics, warehousing, and quality control into a unified, automated system. Since launch, production capacity has tripled, while energy use per product has fallen by 50%.

💧 Environmental Infrastructure Expansion

Environmental infrastructure expanded with a new 1,000 m³/day wastewater treatment plant commissioned. In parallel 1 MW rooftop solar project has also been initiated at the Foods Park, scheduled for operation between 2026–2027. Going green…

• 🧾 Standards & System Integration: Icemark LLC achieved 5 ISO certifications in 2025, covering environmental, quality, energy, food safety, and occupational health and safety standards. This reflects a structured management system with ESG embedded into daily operations.

• ♻️ Resource Efficiency Gains: Furthermore, the group strengthened its 5R waste management system supported by ERP digitalization, reducing office paper use by around 80%. A total of 25 tons of waste was recycled and 699 tons properly processed.

👥 People 

Furthermore, TESO Group’s 2025 Sustainability Report shows notable progress in gender equality, with women making up 49.3% of the total workforce and holding 51.8% of executive-level management positions. The company strengthened its commitment by partnering with the Center for Gender Studies at the National University of Mongolia to assess workplace inclusivity and by actively participating in national discussions on gender-sensitive policies. 

Overall… Together, these developments reflect TESO Group’s transition from ESG commitments to fully embedded operational systems across production, infrastructure, and people. If you want to dig deeper, click HERE to read more about the group’s 2025 ESG results.

⭐ Selected for you

ECONOMY & BUSINESS

• Akhangaran District to Import 20,000 Bayad Sheep From Mongolia. (UZDaily)

• Digital Crop Insurance in Mongolia. (UNEP)

• Mongolia Invites Bids for 110 MW Solar, 188 MWh Storage Systems. (Mercom)

• Mongolia Coal Output Surges 54pc on Year in Jan-May. (ArgusMedia)

• Hard Liquor in Mongolia Trade. (OEC)

POLITICS

• Ulaanbaatar 2026: Security, Artificial Intelligence, And The Search For Common Ground. (EuroAsiaReview)

• Indian Army contingent to participate in joint military exercise Khaan Quest in Mongolia. (UNI)

• Mongolia and Kazakhstan Deepen Petroleum Cooperation. (KazInform)

• Mongolia and Africa: Time to Reignite a Forgotten Partnership. (TheDiplomat)

CULTURE & LIFESTYLE

• ‘Colors of White Rock’ Review: Vivid Documentary Portrait of a Trucker Traveling Mongolia’s Desert of Broken Dreams. (Variety)

• Where Splendid Horses Run: Mongolian Literature Reading Program. (LaBiennalaDiVenezia)

• Climate-Driven Dust Intensification Over the Mongolian Gobi in Early Spring. (Nature)

🦈 How Big are Mongolia’s TOP-100 Enterprises?

The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry (MNCCI) unveiled the country's Top 100 Enterprises of 2025. Here's a closer look at the contribution these corporate heavyweights make to Mongolia's economy.

🔄 In Brief

Last year, the combined sales revenue of the TOP-100 enterprises rose 19.7% year-on-year to ₮65.7 trillion. As a result, their revenue reached the equivalent of 73% of Mongolia's GDP, up 4 percentage points from the previous year. Meanwhile, the amount of taxes paid by these companies increased 5.2% to ₮8 trillion, accounting for 30% of total tax revenue collected by the state.

• 📉 Workforce: Despite growth across most indicators, the total number of employees at the Top 100 enterprises declined by 2,800 to 84,700. This may be partly explained by the fact that the 19 companies newly added to the ranking employed fewer people than the 19 companies that dropped out.

• 🏬 Trade Takes the Lead: Historically, mining companies have dominated Mongolia's TOP-100 list. This year, however, trading companies outnumbered mining firms by 2, reaching a total of 27 companies in the ranking.

⭐️ Inside the TOP-10

Among the top 10 companies, 4 moved up in the rankings, 2 slipped, and four maintained their positions. Oyu Tolgoi retained the No. 1 spot for a fourth consecutive year, leading all companies in revenue, taxes paid, workforce size, and profitability. Mongol Alt (MAK) ranked second, while Khan Bank (KHAN) secured third place.

⚡️ Biggest Movers

The companies posting the largest gains in this year's ranking included Altangadas Trade LLC, which climbed 21 places, Tavan Bogd Foods Pizza LLC, up 18 places, and both Khan Altai Resource LLC and Netcapital Finance Corporation NBFI LLC, which advanced 17 positions each.

Looking Ahead… That wraps up this year's overview of Mongolia's TOP-100 enterprises, the country's corporate heavyweights. It will be interesting to see how the rankings evolve next year. Which company do you think has the greatest potential to climb the list? 🤔

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Publisher: Ts.Ankhbayar
Writer: M.Khulan
Graphics by: Ts.Tselmeg

Disclaimer: The information Inside Mongolia provides is for educational and informational purposes only. It is not intended to be or constitute financial advice, trading advice, or any other advice. The decision whether to consider the information we provide is solely our readers' independent decision.