Mongolia|business|November 17, 2018 / 02:21 PM
Mongolia's industrial output rises 19 pct in first 10 months

AKIPRESS.COM - Mongolia's industrial output in the first 10 months this year increased by 19 percent year on year, amounting to 12.8 trillion Mongolian Tugriks (over 4.6 billion U.S. dollars), Xinhua reported citing official data.

Output of the main products of mining and extractive industries was up by 17.2 percent, a key driver of the overall growth, according to data released by the National Statistics Office.

The volume of raw coal production increased by 54 percent, and the volume of iron ore production increased by 2.8 percent year on year.

In the January-October period of this year, mining industry products account for 80 percent of the total industrial production in the landlocked country which is rich in natural resources such as gold, silver, iron, coal, copper, molybdenum, zinc and fluorspar.

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