Mongolia has become increasingly reliant on the mining sector with extensive deposits of coal, copper, gold, petroleum, and uranium. The mining sector contributes considerably to Mongolian government revenues mainly through mining royalties and corporate income tax. In 2018, the sector contributed to 23.5% of total government revenues. The Mongolian mining sector scores satisfactory in the Resource Governance Index 2017.
What Are We Doing in Mongolia?
In August 2019, we agreed to a joint work program with Ministry of Finance (MF), General Department of Taxation (GDT), and the Ministry of Mining and Heavy Industry.