Mining - 2020
1. General framework
1.1 Major features
Due to Mongolia has a rich resource of minerals, it is attracted
by many foreign investors and many foreign and domestic companies
looking for investment or business opportunities in the mining and
petroleum sectors.
Mongolia is one of the 29 resource-rich developing countries
identified by the International Monetary Fund. Approximately 2745
legal entities are held the mining and exploration licenses for
7,248,800 hectares area. It is covered 4.6% of the overall
territory of Mongolia1.
Mineral deposits are classified as following:
- Mineral deposits of strategic importance;
- Mineral deposits of common minerals; and
