Income from mining sector increases
As of the first quarter of 2018, gross production of industrial sector reached MNT 3.3 trillion, with an increase of 22 percent as compared to the previous year.
Income from mining sector increases. As of the first quarter of 2018, gross production of industrial sector reached MNT 3.3 trillion; with an increase of 22 percent as compared to the previous year stated the Mining and Heavy Industry Minister Sumiyabazar at the press conference. The production of mining and extractive industries reached MNT 2.4 billion, with an increase of 20 percent against the same period of the previous year. The increase was due to the extractions of coal and metal ores were multiplied. Consequently, the income accumulated to the state budget was increased 1.6 times, compared to the previous year. Extractive industry makes up 72 percent in the gross production of industrial sector.
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