Mongolia is a resource-rich developing country with an abundance of untapped natural resources. Over 8,000 known occurrences of 80 types of mineral deposits have been identified across 1,170 registered deposits. This includes vast reserves of gold, copper, coal, iron ore, and oil, making Mongolia one of the world’s last frontiers for mining.
World-renowned projects, such as Oyu Tolgoi and Tavan Tolgoi, are among the most notable. In fact, mining projects are currently underway in almost every province of the country.
Mongolia’s strategic location next to China, the world’s largest consumer of raw materials, makes it a particularly attractive investment destination for mining projects. With so much potential for growth, Mongolia represents a significant opportunity for investors looking to tap into the country’s rich natural resources.
Mongolia’s proven mineral resources in tonnes
Source: The Ministry of Mining and Heavy Industry of Mongolia, 2022
Geological survey
Geological map (1:200 000)
100%
Aerial magnetic map (1:200 000)
60%
Gravity map (1:200 000)
22%
Geological map (1:50 000)
38%
Hydrogeology map
84%
Source: The Mineral Resource and Petroleum Authority of Mongolia, 2019