Mining

Social and economic contribution of mining

sector
The mining sector accounted for approximately 20% of Mongolia’s 2016
GDP and 71% (worth 7 trillion MNT) of the Gross Industrial Output in 2016.

Mining exports account for US$ 4.3 billion, making up 87.8% of national
export products in 2016.

Statistics on mineral production

This section covers the production of key mineral products of Mongolia.

Mining Production

2017.I-
Product Unit 2011 2012 2013 2014 2015 2016
VI

Gold tons 4.4 4.3 7.2 7.5 12.6 15.4 6.7

Copper
th.tons 516.1 1252.1 1334.2 1365.4 1346.2 1399.7 723.6
concentrate

Molybdenum
th.tons 3.15 3.93 3.67 4.05 5.53 5.05 2.96
concentrate

Zinc
th.tons 105.8 118.0 103.5 93.1 89.6 117.4 56.5
concentrate

Iron ore th.tons 4663.3 6382.1 6793.3 7557.8 6061.2 5083.0 2464.0

Acidspar мян.тн 50.8 98.8 57.2 61.0 51.6 80.0

Metspar мян.тн 200.2 278.1 82.0 117.6 55.8 100.0 67.3

Tungsten
th.tons 0.20 0.13 0.53 1.08 0.68 1.42 0.14
concentrate

Tin
tons 54.8 98.6 16.5 99.8 82.3 50.2
concentrate
Coal

Mongolia had registered coal reserves of 37.4 billion tons as of December

31st, 2016 and 171 entities are holding 296 coal mining licenses. In first half
of 2017, coal production in Mongolia reached 26 million tons, 22 million tons
were sold and 19 million tons were exported. Coal production is expected
to increase from 2016.

Taxes and fees paid by mining sector to both

local and national governments and
environmental rehabilitation status
Businesses licensed for mineral extraction paid 638.7 billion MNT in tax to
national and local governments in 2016.

Paid tax of Mining sector by mineral

Copper concentrate producers paid MNT 415.8 billion MNT in tax, coal
producers paid 114.2 billion MNT and gold producers paid 40.3 billion MNT,
to central and local governments. In addition operational mining companies
paid 224 billion MNT in royalties and 213.7 billion MNT in corporate income
tax in 2016.

Paid tax of Mining sector by tax type