MINING SECTOR IN FIRST FOUR MONTHS OF 2015

Ulaanbaatar /MONTSAME/ As of the first four months of 2015, Mongolia extracted eight million tonnes of coal, 1.4 tonnes of gold, 341.7 thousand tonnes of oil. A produced fluor spar concentrate amounts to 68.9 thousand tonnes, copper concentrate--to 241.7 thousand tonnes, iron concentrate–0.8 million tonnes, zinc concentrate--32.5 thousand tonnes, reports the Ministry of Mining in its "Transparent Mining" media release. In the same period, 414.7 thousand tonnes of copper concentrate, 1.5 million tonnes of iron concentrate. 3,362.0 kilograms of gold, 4.2 million tonnes of coal and 343.2 thousand tonnes of oil were exported. As for the cash flows, the Mineral Resources Authority accumulated 13.9 billion Togrog to the State Budget. The revenue comprises 10.3 billion from special permit payments, 702.5 million as compensation for the state-funded explorations, and 2.9 billion from other sources of income. Meanwhile, the Petroleum Authority accumulated to the State Budget 30.7 billion Togrog--30.4 billion from petroleum extractions and 308.4 million from others. A total of 44.6 billion Togrog was accumulated to the State Budget as the revenue from the Minister’s budget package. Reportedly, as of May 26, Mongolia has 42-day fuel reserve.