Within the framework to celebrate the 90th anniversary of the mining sector development of Mongolia, the Ministry of Mineral Resources and Energy and the Mineral Resources Authority are to host the "Mining Mongolia-90" international open conference at the Central Cultural Palace of the Mongolian Trade Union on May 09-10, 2012.
History of the mining industry of Mongolia whose contributions in the country's economy is simultaneously growing has its origins from 1922. With the People’s Government resolution from February 10, 1922, a coal deposit in Nalaikh city was taken under a state control and exploitation duration was set to be finished by December 25, 1922 hence started the development of Mongolian mining. The resolution was drafted in compliance to solve the fuel supply issues that faced Niislel Khuree
capital city of Mongolia of that time. In its 90 years of history, the mining industry of Mongolia has experienced what so ever - different names, different organizations and different managements and so on. But its role in the country's economy grew from time to time and gradually turned into a leading economic sector. As of 2011, the Mining sector has produced 20.2% of Gross Domestic Product
(GDP), 69.6% of total industrial output
and 89.2% of export product
. With the above results last year Mongolian economy reached a 17 percent increase which hasn’t been seen in Mongolia's past.
Further following objectives are being set in front of the Mining sector: to increase economic yield of new deposits and to produce goods which include value added cost. Therefore, the “Mining Mongolia-90” international open conference is to be organized with targets to determine future prospectives, to discuss current mining matters and difficulties facing domestic and international state and private mining entities and NGOs and to issue affiliated references.