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
|
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 |
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