DMUV German-Mongolian Business Association, Ulan Bator, MONGOLIA - Elaboration of a Market Study - Mining Industry in Mongolia

Mongolia is one of the ten most resource-rich countries in the world. In the south of the country, which is only very sparsely populated with a total of around 3.4 million inhabitants, there are gigantic deposits of copper, silver, gold, coal, fluorspar and other raw materials in the Gobi Desert, which are among the largest in the world. Coal, copper and gold are the most important deposits and account for about 89% of Mongolia's export economy and over 20% of the country's gross domestic product. Accordingly, mining is now the most important industrial sector in the country from an economic point of view.

The market study provides an overview of the current status of mining activities in Mongolia ten years after the conclusion of the German-Mongolian Raw Materials Agreement, with a special focus on the implementation of the raw materials agreement's goals for German industry under the current conditions.