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INVESTMENT GUIDE

Geology

Geological survey works

A.  Geological exploration implemented by the state budget

Geological survey have been implemented as a basic data requirement needed to assist in the  development of regional minerals and raw materials, to evaluate proposed mineral resources, to support decision making processes on the issues related to natural and environmental protection, underground wealth use and exploitation.

Forty (40) geologic exploration projects have been implemented in 4 geological fields in Mongolia in 2016.

Ongoing geology projects by government budget

Project type

Ongoing Project

Will be finished in 2017

1

1:200 000 scale geological map

4

-

2

1:50 000 scale geological map, general survey

29

16

3

Themed survey

5

2

4

Collaborative project

2

1

 

Project on planning 1: 200 000 scale comprehensive geology mapping of Mongolia

Four (4) NGM-200 projects comprehensive geological mapping have been successfully implemented in 2015, These 4 UGZ-200 complex geological map covered an area  of 287, 924.35 square kilometers which is approximately  18% of total land area of  Mongolia, In addition 100% of the Mongolian territory has been covered by digital geological mapping in 2016-2017. In accordance with the instruction handbook to make “UGZ-200” complex mapping and to prepare the map for publishing, 5 geological maps in 1:200000 scale, for each unit area in Geology, Minerals, Ecology-geology, quadrangle maps and documentations, will be made in comprehensive documentations with supplementary diagrams. 

Total of 344 area has been covered NGM-200 project.

NGM-200 coverage area 

Geologic map and general exploration work project in 1:50000 scale

Twenty nine (29) projects that have been successfully in progress in the field of 1: 50 000 scale geologic map and general surveying projects are successfully being implemented in 2016. One of the projects has been implemented with international cooperation and domestic business entities and organizations have been working on the implementation of the other 28 projects. Geologic map and general survey work was carried out on 33.3% of the total territory of Mongolia at a 1:50 000 scale.

Geological map and general survey work plan

Themed survey

Several themed survey works have been implemented in Mongolia including Geo-information data survey, Spatial Image Decryption survey, Pure Sulphide Mineralization of Western Mongolia and its future prospect survey, Survey on metal genesis and mineral resource deposits, types and location and Altai-1 and Altai-2 aerial geophysical survey.

Altai-1, Altai-2 projects

Collaborative project

Geologic mapping projects carried out in partnership foreign countries include” The “Mongol Altai-50” 1:50000 geologic map and general exploration collaborative project carried out with the Republic of Czech. The “Khasagt 50” collaborative exploration project carried out with Poland.  This project was successfully implemented and the final report was received by the Mongolian counterpart.

The “Tsogttsetsii-50” 1:50000 scale geologic map and general exploration project carried out in cooperation of Geologic Science and Mineral Resource Institution of the Republic of Korea. This project conducted mapping and exploration in Tsogttsetsii soum, Umnugbi province. The second year field work of the project was implemented in 2016.

The third stage of “North-Central and Eastern Asia” cooperation project is in progress is and is being implemented by Mongolia, the Russian Federation, the People’s Republic of China, Kazakstan and the Republic of Korea.

Exploration works with private investment

The, Geology and Survey Department at Mineral Resources Authority of Mongolia receives and monitors exploration work plan and annual report from the license holders every year in accordance with Article #48.1 of the law on Mineral Resources. As stated in the Article # 33.1, 33.2 of the above stated  Law, the minimum exploration costs work must be outlined and confirmed inn the annual financial report.

A total of 1669 exploration work plans were submitted by the exploration license holders in 2016.

In 2016, there are 6 new gold deposits, 33 placer, 4 iron, 2 copper, 2 mixed metal, 2 rare metal, 8 coal, 4 fluorspar, 1 uranium, 2 black lead, 3 limestone deposits plus quarry stone, sand, gravel and mud deposits were registered.

Quantity of Registered resource & reserve in the State Resource data

Mineral type

Unit

2011

2012

2013

2014

2015

2016

Hard rock gold

tons

55.7

41.1

30.1

95.3

28.0

33.2

Placer gold

tons

4.0

7.6

4.7

4.9

6.5

5.9

Copper

th.tons

410

115.7

33.5

44429

-

7789

Iron ore

mil.tons

80.1

122.2

464.3

151.6

202.5

17.8

Coal

bil.tons

7.1

2.4

4.4

6.8

4.2

1.3

Fluorspar ore

mil.tons

5.3

11

6.5

10.9

5.1

0.8

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