Mongolia’s mining production rise by 64.8 percent

The production of the industrial sector in Mongolia reached MNT 15.6 trillion  in seven months, increasing by MNT 5.4 trillion or 53.2 percent compared to last year.

This was due to the increase of the mining production by MNT 4.3 trillion or 64.8 percent and the processing industry by MNT 825.7 billion or 32percent, according to the National Statistics Office.

The preliminary estimates indicate that sales of the products of the industrial sector in the first seven months of 2023 reached MNT 25.1 trillion, increasing by 75.5 percent. This was due to the increase in the sales of the mining and extraction industry by MNT 9.3 trillion   or 92.5 percent and the sales of the processing industry by 36.8 percent .

Growth of the sales of the mining and extraction industries by 92.5 percent compared to the previous year was mainly due to the increase of sales of the coal mining sector by 3.8 times, metal ore mining by MNT 624.5 billion, and oil mining by MNT 555.5 billion.

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