Dr. Gotov is a board member of the Mongolian National Mining Association and the Mongolian Coal Association, and is also a member of the Mongolian Mineral Resources Policy Council. . He is also a Supervisory Board Member of the Bank of Mongolia and the Micro Finance Development Fund. From October 2010, Mr. Jigjid also serves as a Director of .
Mongolia - MiningMongolia - Mining This is a best prospect industry sector for this country. Includes a market overview and trade data.
Read the profiles of our Board of Directors at Discover Mongolian Metals Corporation LLC (MMC), a Mongolian mining company with a portfolio of exploration licenses representing significant deposits of copper, gold, molybdenum, coal and quartz across four aimags of Mongolia.
Mongolia’s mining industry; Mining accounts for around a quarter of GDP and more than 80 percent of exports in Mongolia. There is new hope in 2018 that by increasing mining exploration, Mongolia could potentially raise GDP and economic security.
Because of a boom in the mining sector, Mongolia had high growth rates in 2007 and 2008 (9.9% and 8.9%, respectively). In 2009, sharp drops in commodity prices and the effects of the global financial crisis caused the local currency to drop 40% against the U.S. dollar. Two of the 16 commercial banks were taken into receivership.