Reserves

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Mining is one of the main branches in Mongolia's economy. Mongolia is included in a number of countries that are rich with mineral resources. Mongolia's immense potential as a major supplier of minerals is now attracting widespread interest from all sectors in the international minerals industry.

Mining is one of the main branches in Mongolia's economy. Mongolia is included in a number of countries that are rich with mineral resources. Mongolia's immense potential as a major supplier of minerals is now attracting widespread interest from all sectors in the international minerals industry. Revisions to national legislation now actively encourage inward investment in Mongolia's mining and mineral processing industries. Now in the territory of Mongolia, 3000 more deposits contain 50 strategic minerals. For example, gold is the most abundant mineral in Mongolian territory.

So, gold mining is developing more extensively than other types of mining. Also, there are platinum, silver, diamond and other precious stones deposits. Mongolian copper resource is the fifth largest in the world. The copper mining and processing company Erdenet is one of 10 largest copper enterprises on the earth. It is located in a city with a population of 80,000. The copper and molybdenum resource of Erdenet, as primarily counted, is enough for 100 years of exploration. But a gold, copper and other rear minerals resource of Oyu Tolgoi (Torgouze Hills) in South Gobi are twice what Erdenet copper resources are. Now Canadian Company Ivanhoe Mines have invested hundreds of millions of dollars. China built a railway to this rich deposit immediately. After the full research and calculation of the Oyu Tolgoi copper-molybdenum resource may be a world record.

The Huvsugul phosphoric deposit is Mongolia's third largest resource after the Oyu Tolgoi and Erdenet. Along the right bank of Hubsugul lake length hundreds km long is a hundred km wide of phosphorous plast.

20% of the world's fluorit mining takes place in Mongolia. A great fluorit deposit in many hundreds of km in length, hundreds of km in tick laying in Mongolia.

Also oil processing is a large economic sector for our country. In the Eastern Mongolia a huge oil resource was discovered by Russian and American geological companies.

We have vast uranium resources with strategic importance. During the Cold War time USSR had explored Mongolian uranium in Mardai place secret mine and site.