Mongolia exports 749,000 tons of copper concentrates in H1 2019

AKIPRESS.COM - Mongolia exported a total of 749,100 tons of copper concentrates in the first half of this year, which is an increase of 15,400 tons from the same period last year, Xinhua reported with reference to the Mongolian Customs General Administration (MCGA).
As a result, the resource-rich Asian country received 1.06 billion U.S. dollars into the state budget, an increase of 48.4 million dollars year on year, the MCGA said in a statement.
Mining is the most important sector of Mongolia's economy. The country is rich in natural resources such as gold, silver, iron, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, and fluorspar.
The mining industry accounted for 84 percent of total exports in the January-June period, according to the MCGA.