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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.

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

Product

Unit

2011

2012

2013

2014

2015

2016

2017.I-VI

Gold

tons

4.4

4.3

7.2

7.5

12.6

15.4

6.7

Copper concentrate

th.tons

516.1

1252.1

1334.2

1365.4

1346.2

1399.7

723.6

Molybdenum concentrate

th.tons

3.15

3.93

3.67

4.05

5.53

5.05

2.96

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

 

Metspar

мян.тн

200.2

278.1

82.0

117.6

55.8

100.0

67.3

Tungsten concentrate

th.tons

0.20

0.13

0.53

1.08

0.68

1.42

0.14

Tin concentrate

tons

54.8

98.6

16.5

99.8

82.3

50.2

 

 

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

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