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INVESTMENT GUIDE
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.
Economic Impact of Mining Industry
100
92 89.5 90.7
87.8
75
67.1 68.2 68.7
62.1 60.7
Percent
50
32.3
25 21.5 19.3 16.4 14.9 16.5
0
"2010" "2011" "2012" "2013" "2014"
Mining exports account for US$ 4.3 billion, making up 87.8% of national export products in 2016.
Mining Production
2017.I-
Product Unit 2011 2012 2013 2014 2015 2016
VI
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 concentrate th.tons 105.8 118.0 103.5 93.1 89.6 117.4 56.5
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
Tungsten
th.tons 0.20 0.13 0.53 1.08 0.68 1.42 0.14
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 rst 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.
33 340.5
30k
27 305
26 076.2
24 449.3 24 146.1
19 513
20k 18 188.3
14 467.5
10k
0
2013 2014 2015
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.
Businesses licensed for mineral extration paid 638.7 billion MNT in tax to national and loca
Businesses licensed for mineral extration paid 638.7 billion MNT in tax to national and loca
zinc - 4.6%
gold - 6.3%
coal - 17.9%
molybdenium - 0%
uranium - 0.1%
other - 0.1%
tungsten - 0.1%
tin - 0.2%
crude oil - 0.6%
flourite - 0.7%
copp
lead - 0.8%
construction material - 1.2%
iron ore - 2.2%
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Mineral Resources and Petroleum Authority, Government building XII, Chingeltei district, Barilgachdin
talbai-3, Ulaanbaatar 15170, Mongolia