Mongolia's mining industry has developed rapidly: official
ULAN BATOR, April 20 (Xinhua) -- Mongolia's mining industry has developed rapidly during the past decade, a Ministry of Mineral Resources and Energy official told an international mining event here Friday.
Ch. Tsogtbaatar told the 2012 Mongolia International Mining Exhibition the mining industry accounted for a third of Mongolia's GDP and 85 percent of its exports.
The senior official said, during the past decade, gold production had increased 17-fold, copper and molybdenum ore production had gone up 32 percent and coal production had reached 30 million tons in 2011 from 4.8 million tons in 1995.
More than 90 mining equipment manufacturers and distributors from 15 different countries, including China, Mongolia, Russia and Australia exhibited their products, including mineral crushers, drilling machinery and environmental technology services.
Andy Long, marketing manager of a Beijing-based environmental technology research company, told reporters his company attached great importance to the Mongolian market and was seeking to expand its businesses in the market.
His company is currently pollution-prevention services for the giant Oyu Tolgoi copper-gold deposit, one of the world's biggest copper-gold mines, now under construction.
The mining industry in Mongolia has expanded dramatically since the 1990s to become the most important sector of the country's economy between 2002 and 2008.
It accounted for 33 percent of GDP in 2008, compared with 14 percent in 2002. Currently, the sector alone accounts for more than 70 percent of the country's industrial output.
Editor: Yamei Wang
Ch. Tsogtbaatar told the 2012 Mongolia International Mining Exhibition the mining industry accounted for a third of Mongolia's GDP and 85 percent of its exports.
The senior official said, during the past decade, gold production had increased 17-fold, copper and molybdenum ore production had gone up 32 percent and coal production had reached 30 million tons in 2011 from 4.8 million tons in 1995.
More than 90 mining equipment manufacturers and distributors from 15 different countries, including China, Mongolia, Russia and Australia exhibited their products, including mineral crushers, drilling machinery and environmental technology services.
Andy Long, marketing manager of a Beijing-based environmental technology research company, told reporters his company attached great importance to the Mongolian market and was seeking to expand its businesses in the market.
His company is currently pollution-prevention services for the giant Oyu Tolgoi copper-gold deposit, one of the world's biggest copper-gold mines, now under construction.
The mining industry in Mongolia has expanded dramatically since the 1990s to become the most important sector of the country's economy between 2002 and 2008.
It accounted for 33 percent of GDP in 2008, compared with 14 percent in 2002. Currently, the sector alone accounts for more than 70 percent of the country's industrial output.
Editor: Yamei Wang
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