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Mongolia's Income from Mining on the Increase |
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Friday, 01 December 2006 |
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The state budget income of Mongolia has been increased due to the price
rise of gold, zinc and copper, main export products of Mongolia, at the
world market. In the first nine months of this year, 1.6 trillion Tg
income was earned from the export of minerals products. Compared to the
2005 statistics, the income added by about 63 billion Tg. In the first
nine months of 2006, mining industries produced 4.8 million tons of
coal, 386.9 thousand tons of cooper concentration containing 96.7
thousand tons of copper, 2,088 thousand tons of molybdenum
concentration with 47% contents, 13.1 tons of gold, 180.0 thousand tons
of iron ore, 102 thousand tons of spar concentration, 76.3 thousand
tons of zinc concentration, 81.8 tons of tungsten concentration and
1742.7 tons of cathode copper. The mining sector has produced 24.7% out
of GDP, 74.3% out of the total export and 67% out of the total
industrial outputs.
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