Mongolia earns over $700m from copper exports

ULAN BATOR, May 12 (Xinhua): Mongolia earned 701.4 million US dollars from the exports of copper concentrates in the first four months of this year, up 4.0 per cent year-on-year, local media reported Friday, citing the Mongolian Customs General Administration (MCGA).

The Asian country exported a total of 489,100 tons of copper concentrates in the period between January and April in 2019, an increase of 30,500 tons from the same period last year, the MCGA said in a statement.

Mining is the most important sector of Mongolia's economy. The country is rich in natural resources such as gold, silver, iron, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, and fluorspar.