Income from mining sector increases by 24 percent
EconomyUlaanbaatar/MONTSAME/. The Ministry of Mining and Heavy Industry today issued the sector’s statistics for first seven months of 2019.
As of seven months of the year, the sector accumulated MNT 1.7 trillion billion
to the state budget as taxes, fees and royalties. MNT 22.2 billion has come from gold mining, MNT 788.7 billion--from coal, MNT 53.6 billion -- zinc, MNT 723.1
billion --copper, MNT 14.5 billion --iron, MNT 19 billion --fluorspar and MNT
41 billion from others.
Against the same period of the previous year, the income from major commodities
increased by MNT 321.3 billion or 24 percent; incomes from coal extraction
increased by MNT 230.4 billion (41.3 percent), copper--by MNT 97.9 billion (15.7
percent), iron—by MNT 5.1 billion (53.8 percent) and fluorspar --by MNT 9.3
billion (96.9 percent).
In
Mongolia, a total of 8.15 million barrel or 1.1 million tons of oil is planned
to be extracted and exported, with accumulation of MNT335.6 billion to the
State Budget.
As
of July 31, 4.04 million barrel or 554,957 tons of crude oil have been extracted
and 3.87 million barrel or 525,300 tons of crude oil have been exported. It brought
incomes worth MNT134.4 billion.
By
August 27, Mongolia has a 39-day reserve of oil products reserve for domestic
needs. According to first
seven months of the year, Mongolia has imported 1.2 million tons of petroleum.
Also,
there are registered 2889 exploration and mining licenses of mineral resources throughout
the country.