Geology and Exploration

Geology and Exploration

Geological exploration implemented by the state budget

Geological survey has been implemented as a basic data requirement needed to assist in the  development of regional minerals and raw materials, to evaluate proposed mineral resources, to support decision making processes on the issues related to natural and environmental protection, underground wealth use and exploitation.

Forty (40) geologic exploration projects have been implemented in 4 geological fields in Mongolia in 2016.

Exploration works with private investment

The, Geology and Survey Department at Mineral Resources Authority of Mongolia receives and monitors exploration work plan and annual report from the license holders every year in accordance with Article #48.1 of the law on Mineral Resources. As stated in the Article # 33.1, 33.2 of the above stated  Law, the minimum exploration costs work must be outlined and confirmed inn the annual financial report.

A total of 1669 exploration work plans were submitted by the exploration license holders in 2016.

Types of exploration work cost by license holders in percentage

In 2016, there are 6 new gold deposits, 33 placer, 4 iron, 2 copper, 2 mixed metal, 2 rare metal, 8 coal, 4 fluorspar, 1 uranium, 2 black lead, 3 limestone deposits plus quarry stone, sand, gravel and mud deposits were registered.
New deposits registered in the state resource data.
Quantity of Registered resource & reserve in the State Resource data

Mineral type

Unit

2011

2012

2013

2014

2015

2016

Hard rock gold

tons

55.7

41.1

30.1

95.3

28.0

33.2

Placer gold

tons

4.0

7.6

4.7

4.9

6.5

5.9

Copper

th.tons

410

115.7

33.5

44429

-

7789

Iron ore

mil.tons

80.1

122.2

464.3

151.6

202.5

17.8

Coal

bil.tons

7.1

2.4

4.4

6.8

4.2

1.3

Fluorspar ore

mil.tons

5.3

11

6.5

10.9

5.1

0.8