Minister of Industry and Mineral Resources Damdinnyam Gongor has instructed the acceleration of the implementation of the "Mongolian Steel Complex-1" project at the Darkhan Metallurgical Plant LLC.
The Government of Mongolia has resolved to establish a smelting facility at the Darkhan Metallurgical Plant, with an annual production capacity of at least one million tons of steel products. Minister of Industry and Mineral Resources Damdinyam Gongor and accompanying officials have reviewed the operations of the Plant and the preparatory progress of the project.
Chief Executive Officer of Darkhan Metallurgical Plant LLC, B. Chagnaadorj, reported, “In the first half of 2025, the company had planned to generate a net profit of MNT 21.8 billion. However, we have exceeded expectations with a net profit of MNT 36.7 billion. Furthermore, while MNT 37.9 billion was projected to be paid to the state and local budgets in the form of taxes, fees, and levies, actual contributions reached MNT 51.7 billion. All key performance indicators outlined in our business plan have been fully achieved.”
Minister Damdinyam instructed the management of the Plant to expedite the implementation of the Mongolian Steel Complex-1 project and to resolve land management and other related issues promptly. The Minister affirmed that the Government will provide full support for the project’s advancement.
The Plant aims to expand its steel production based on the proven reserves of the Tumurtei deposit and to manufacture high-quality, internationally certified products. The company aims to implement its investment plan in phases and commission the full operations of the complex by 2028.

Published Date:2025-08-05