FLUORSPAR EXPORT REACHES 78.3 THOUSAND TONS IN THREE MONTHS

Ulaanbaatar /MONTSAME/ A discussion of fluorspar miners was held yesterday organized by the Ministry of Mining and Heavy Industry and the Mineral Resource and Petroleum Authority (MRPA) and gathered some 100 delegates from the Ministry, the MRPA, relevant agencies and authorities as well as fluorspar mining companies. Fluorspar export makes up 1.4 percent of mineral export of Mongolia. In the first quarter of 2018, fluorspar export increased two times, reaching 78.3 thousand tons and earning USD 25 million compared with the same period of the previous year. 42 percent of it was exported to China, 55 percent to Russia and 3 percent to other countries. Regarding the price, 97 percent fluorspar concentrate is purchased at USD 308 per ton and 85 percent fluorspar concentrate is at USD 278 per ton. As of May 28, there are 175 fluorspar mining licenses out of total 1643 mining licenses registered in the MRPA. Currently, 20 fluorspar processing plants are operating in Mongolia. Fluorspar mining companies asked to resolve issues related to illegal miners and to improve legal environment. B.Batchimeg