Mongolia is rich in copper, coal and gold. These commodities play an important role in the economy and represent large portion of the country’s exports.
National Statistics Office (NSO) of Mongolia has recently released data on exports of various products including minerals. The nation has exported 18.8 million tons of coal in the first 11 months of this year. There has been a slight increase if compared to last year’s export, which was at 18.4 Million Tons. Government revenue to the date from the sale of coal totals to MNT 1.151 Trillion.
The gold export, however, has been significantly decreased to 2.3 tons in 2012 from 3.2 tons 2011. Interestingly, the amount of gold extracted in the country grew a bit from 5.4 tons to 5.5 tons.
Export of copper concentrate was also declined in 2012. 544 thousand tons of copper was sold overseas within the first 11 months of the year, compared to 524 thousand tons exported in 2012.
There was a growth in the export of iron ore in 2012. Mongolia exported 5.743 Million tons of iron ore to date this year, increasing from 5.085 in 2011.
Source: www.business-mongolia.com
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