Life in Rural Kyrgyzstan
Mongolia|business|January 21, 2017 / 11:31 AM
Mongolia to increase its gold reserves

AKIPRESS.COM - Mongolia plans to stock up on 150 tons of gold by 2020. Mongolia will continue the ‘Gold-2’ programme until 2020 as a means of recovering economic growth.

As part of the programme, gold mining will be increased by 2-3 tonnes annually.

Mongolia is also expecting to generate MNT 33-59 billion in budget revenue from payments for accessing mineral resources.

Mongolia first implemented a ‘Gold’ Programme from 1992 to 2000. According to statistics, 2.6% of gross domestic product came from gold mining and 9.1% from exports in 2015, reports news.mn.

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