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Mining is important to the national economy of Mongolia. Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) …
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While exploration continues, even with the reserves currently identified, Oyu Tolgoi is expected to operate for over 50 years. Once extracted, the ore from Oyu Tolgoi is processed on-site into concentrate. This saleable product contains approximately 25-30 per cent copper and much smaller amounts of gold, silver, and other metals.
May 21, 2012· Mineral-Rich Mongolia Rapidly Becoming 'Mine-golia' Mongolia is in the midst of a dramatic economic boom as huge mining operations look to reshape the country. Some predict Mongolia's GDP will double in a decade.
