STATISTICAL REVIEW FOR MINING SECTOR INTRODUCED

Ulaanbaatar/MONTSAME/ On May 15, the Ministry of Mining and Heavy Industry called its regular press briefing ‘Transparent and Accountable Mining’. At the press conference, the Mining and Heavy Industry Minister D.Sumiyabazar briefed about first four months’ statistical review of the sector. According to the first four months of 2018, gross production of industrial sector reached MNT 4.5 trillion, with an increase of MNT798.8 billion (21.5 percent) as compared with the same period of the previous year. The production of mining and extractive industries increased by MNT567.9 billion (21.0 percent), which was mainly influenced by the increase of extractions of coal (35.4 percent) and metal ores (14.6 percent). Extractive industry makes up 72.3 percent in the gross production of industrial sector. Major commodities of mining and extractive industries include 14.9 million tons of coal, 445.4 thousand tons of copper concentrate, 2.9 tons of gold, 1.8 thousand tons of molybdenum concentrate, 1.0 million tons of iron ore concentrate, 21.3 thousand tons of spar concentrate, 30.0 thousand tons of zinc concentrate, 2.3 million barrels of oil and 4.8 thousand tons of copper cathode. As of the first four months of the year, the sector accumulated MNT694.8 billion to the state budget as taxes, fees and royalties. MNT 11.5 billion was accumulated from gold mining, MNT 255.8 billion--from coal, MNT 37.7 billion -- zinc, MNT 352.0 billion --copper, MNT 8.3 billion --iron, MNT 4.6 billion --fluorspar and MNT 25.0 billion from others. The income accumulated to the state budget increased by MNT 229.8 billion or 1.5 times, compared to the same period of the previous year. In 2018, it is planned to extract 8.1 million barrel or 1.1 million tons of oil, accumulating MNT223.4 billion at the state budget. As of May 11, it has extracted 2.44 million barrel or 310 thousand tons of oil, with a 30.16 percent fulfillment of the plan. Moreover, 2.38 million barrel or 300 thousand tons oil were exported. As of April 30, the oil export brought MNT73.4 billion to the state budget. M.Unurzul