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Over 200 deposits of coal and brown coals, which are the basic source of Mongolia's fuel and energy, were identified in 15 basins. Exploration works were done in 76 of the aforementioned deposits and coal mines were established in 40 coal deposits. Approximately 4,900 tons of coal is extracted in a year from the main coal deposits in Baganuur, Sharin Gol, Shivee Ovoo, Aduun-chuluun and Talbulag. There are 25 oil shale deposits in Mongolia, of which 23 are in Tuv and Dundgobi aimags. Also there is conjecture that the Uvdug Bulag, Khugshingol and Zuunbulag oil shale deposits have large-scale resources.                |
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| Experts say copper prices to remain high for next two years |
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Market observers believe Mongolian copper prices will remain high for at least the next two years. One of the main reasons given for the continuing high prices are delays to planned mining projects caused by increasing percentages of revenues being funneled off by governments in Mongolia and Africa. |
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