With an area of 1.56 million square kilometers and a population of 2.8 million, it is one of the countries with the smallest population density in the world. Mongolia is a country rich in mineral resources. It has been proven to have more than 80 kinds of minerals such as copper, molybdenum, gold, silver, uranium, lead, zinc, rare earth, iron, fluorite, phosphorus, coal and petroleum. Mine point. Currently, it has been mined and has a certain economic scale, mainly non-ferrous metals, gold, coal and fluorite.
Mongolia's mining development has attracted many international mining capitals, including the United States, Russia, Canada, Australia, Japan, and South Korea, including many companies in China. The mining sector plays an important role in the Mongolian economy, with an annual growth rate of 8% to 12%. So far, nearly 5,000 companies from 20 countries have invested in Mongolia. In order to protect its own resources, Mongolia issued a presidential decree in late April 2010 to stop issuing new prospecting certificates and to stop the transfer of mining and mining licenses. The decree is mainly to prevent speculation. At present, Mongolia has 4,474 prospecting and mining licenses, of which 1,850 are mining licenses. This also allows the current Chinese enterprises to enter Mongolia to adopt a cooperative model for business expansion, and to operate in the form of equity cooperation, indirectly to obtain mining rights.