There are 4092 mining licenses valid throughout Mongolia. 1162 of them are mining license, others are exploration license. Since 2011, 146 licenses were extended, 58 licenses were transferred and 37 licenses were suspended. As a result, state budget was increased by 3.9 billion tugriks thanks to its license fee. This shows that Mongolia is still one of the hottest investment destinations. Last year’s license fee income was 31.7 billion tugriks.