Mining Update (1): Over 50 thousand people are working in the mining sector of Mongolia

Nov 24 • Economy, Mining • 697 Views • No Comments on Mining Update (1): Over 50 thousand people are working in the mining sector of Mongolia

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Mining sector is vital part of the Mongolian development. According to the Ministry of Mineral Resource and Energy, there are over 80 minerals in 1170 deposits and around 8000 mineral occurrences.

Foreign and domestic private investment in exploration business increased since 2007 and reached ₮280 billion. As of today, over 50 thousand people working in the mining sector. Mining sector contribution in the economy of the nation reached 28,2% of GDP, 64,3% of gross domestic production and 80,7% of total export.

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