Mongolia’s Mining Boom Is Helping It Go Green ...Middle East

OILPRICE - Economy
Mongolia’s Mining Boom Is Helping It Go Green
source : OILPRICE ( Middle East ) () 34
High commodity prices and rising coal exports are propelling economic growth in Mongolia, allowing the country to develop its robust mineral resources, expand its services sector, and invest in green agriculture and energy. Mongolia exported 31.7m tonnes of coal in 2022, an increase in volume of 102%, or 16m tonnes, from 2021 and an increase in export revenue of 135%, or $6.5bn, due to higher coal prices, according to data from the Mongolian Customs General Administration. These figures undergirded economic growth of 4.7% in 2022, with Mongolia…

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