Review of Mineral Resources in Mongolia

Total Mongolia's export of mineral products reached 70%, the export of coal is running at 98.9 percent, copper concentrate at 87.7%, iron ore at 59.8%, gold at 68.8%, and zinc at 103.8 percent, as reported by the Ministry of Mining and Heavy Industry in September 2022.

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Iron ore

The major iron ore reserves in Northern Mongolia are connected to the main railroad and iron concentrates are shipped to Chinese steel mills directly via rail. However, Ulaanbaatar Railway holds a monopoly in Mongolia and charges relatively high tariffs on iron shipments.

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Iron Ore: Assessing Mongolia's potential

1. Will there be a market for Mongolia's iron ore exports? 2. How to assess an iron ore project in Mongolia? 3. Where are specific Mongolian mines on the cost curve and how close is the mine to LRMC? 4. Challenges for Mongolian iron ore? Iron Ore: Assessing Mongolia's potential 2

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Iron ore

The major iron ore reserves in Northern Mongolia are connected to the main railroad and iron concentrates are shipped to Chinese steel mills directly via rail. However, Ulaanbaatar Railway holds a monopoly in Mongolia and charges …

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Distribution of Mongolian Mineral Resources, …

Deposits with large resources include Erdenet, Oyu tolgoi, Tsagaan suvarga, Gatsuurt, Tavt, Asgat, Mungun under, Bayngol iron ore, Tumurtei, Tumurtei ovoo and Bargilt deposits. Mongolia has discovered around 300 coal deposits from 15 coal basins. And, a total 9.8x109 t coal resources from 175x109 t inferred coal resources are guaranteed.

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economic research institute

Mongolia is rich in iron ore and total geological reserves of crude ore is around 1.7 billion tons as of 2016 (MRAM, 2016). In total, 63 deposits are registered, and 6 deposits have more than 50 million tons of ore. Mining of iron ore started in 2005. Mongolia's iron ore

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