Mining
Mongolia's Income from Mining on the Increase PDF Print E-mail
News - Mining
Friday, 01 December 2006 16:32

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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Last Updated on Wednesday, 06 December 2006 18:57
 
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