Mongolia industrial ess

How can Inner Mongolia boost the intelligent development of industries?

To boost the intelligent development of industries, Inner Mongolia is projected to make full use of new internet technologies to transform and upgrade traditional industries.

Why is mining important in Mongolia?

The mining sector is a major part of Mongolia’s economy and an important source of economic growth, representing 25% of the country’s GDP, 57% of total industrial production and 42% of total investments in 2022.

Will Inner Mongolia promote high-end intelligent and green development?

[Photo provided to China Daily] North China's Inner Mongolia autonomous region will reportedly promote the high-end intelligent and green development of its manufacturing industry. The goal was tabled at the Inner Mongolia Industrial Economy High-quality Development Conference, held in the region's capital city of Hohhot on Feb 21.

What resources does Mongolia have?

Mining production is mainly centred around gold, copper, coal and iron, and accounted for over than 30% of the national budget revenue in 2022. Mongolia also has a small oil and gas sector however these resources remain largely underdeveloped.

Does Mongolia have an EITI working group?

Mongolia also has an EITI Working Group (MSWG), a coordinating body that meets at least once every quarter. The MSWG is headed by the Senior Adviser to the Prime Minister of Mongolia and consists of 33 members from government, companies and civil society.

How are mining exploration and exploitation licenses granted in Mongolia?

Mining exploration and exploitation licenses are granted through a tendering process and issued by the Cadastre Division of the Mineral Resource and Petroleum Authority of Mongolia (MRPAM). The Ministry of Mining and Heavy Industry (MMHI) and MRPAM are also involved in the process for awarding petroleum exploration and exploitation licenses.