Ulaanbaatar
Statistical review for mining sector introduced
Economy
Ulaanbaatar/MONTSAME/ On September 3, 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 seven months’ statistical review of the sector.
According to the first seven months of 2018, gross production of industrial sector reached MNT8.7 trillion, with an increase of MNT1.7 trillion (24.6 percent) as compared with the same period of the previous year.
The production of mining and extractive industries increased by MNT1.2 trillion (23.9 percent), which was mainly influenced by the increase of extractions of coal (53.8 percent) and metal ores (11.0 percent). Extractive industry makes up 72.1 percent in the gross production of industrial sector.
Major commodities of mining and extractive industries include 26.3 million tons of coal, 764.4 thousand tons of copper concentrate, 9.2 tons of gold, 3.1 thousand tons of molybdenum concentrate, 1.7 million tons of iron ore concentrate, 40.6 thousand tons of spar concentrate, 46.8 thousand tons of zinc concentrate, 3.9 million barrels of oil and 8.4 thousand tons of copper cathode.
The sales of industrial sector earned MNT 10 trillion or increased by 1.8 trillion (22.2 percent) compared with 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 August 15, it has extracted 4.2 million barrel or 569 thousand tons of oil, with a 50.71 percent fulfillment of the plan. Moreover, 2.38 million barrel or 300 thousand tons oil were exported. As of July 31, the oil export brought MNT136 billion to the state budget.
According to the first seven months of 2018, gross production of industrial sector reached MNT8.7 trillion, with an increase of MNT1.7 trillion (24.6 percent) as compared with the same period of the previous year.
The production of mining and extractive industries increased by MNT1.2 trillion (23.9 percent), which was mainly influenced by the increase of extractions of coal (53.8 percent) and metal ores (11.0 percent). Extractive industry makes up 72.1 percent in the gross production of industrial sector.
Major commodities of mining and extractive industries include 26.3 million tons of coal, 764.4 thousand tons of copper concentrate, 9.2 tons of gold, 3.1 thousand tons of molybdenum concentrate, 1.7 million tons of iron ore concentrate, 40.6 thousand tons of spar concentrate, 46.8 thousand tons of zinc concentrate, 3.9 million barrels of oil and 8.4 thousand tons of copper cathode.
The sales of industrial sector earned MNT 10 trillion or increased by 1.8 trillion (22.2 percent) compared with 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 August 15, it has extracted 4.2 million barrel or 569 thousand tons of oil, with a 50.71 percent fulfillment of the plan. Moreover, 2.38 million barrel or 300 thousand tons oil were exported. As of July 31, the oil export brought MNT136 billion to the state budget.
B.Batchimeg
