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The Windfall tax or windfall profits tax in Mongolia was a taxation on the profits made by mining companies operating in Mongolia. It was implemented in 2006 and was the highest windfall profits tax in the world. It was a tax on unsmelted copper and gold concentrate that was produced in Mongolia. The tax was repealed in 2009 and phased out over ...
Organization. Headquartered in Ulaanbaatar, Mongolia, the Mongolia Economic Forum is a non-governmental organization and was established in 2010. The NGO's highest governing body is the Board of Directors. Chairman of the Mongolia Economic Forum NGO is Пунцагийн Цагаан. Director of the Mongolia Economic Forum NGO is Lakshmi Bodsho.
The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product (GDP), disappeared almost overnight in 1990 ...
Ministers of Finance. [3] Gadinbalyn Chagdarjav, 1911- 1915. Luvsanbaldan, 1915 - 1919. Gombojavyn Luvsantseveen, 1920 - 1921. Dambyn Chagdarjav, 13 March 1921 - 17 April 1921. Darizavyn Losol, 17 April 1921 - 10 July 1921. Soliin Danzan, 10 July 1921 - 6 April 1923. Bunibazaryn Dorj, 1923 - 1924.
Mongolia. Mongolia [b] is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of 1,564,116 square kilometres (603,909 square miles), with a population of just 3.3 million, making it the world's most sparsely populated sovereign state. Mongolia is the world's largest landlocked country ...
The University of Finance & Economics ( Mongolian: Санхүү Эдийн Засгийн Их Сургууль, romanized: Sankhüü Ediin Zasgiin Ikh Surguuli, abbreviated UFE) is one of the largest educational institutions of Mongolia. The University is on the banks of Selbe river at the heart of Ulaanbaatar city. The University offers ...
Nowadays, all Mongolian citizens are required to register and apply for a civil passport (now called a civil ID card, Mongolian: Иргэний үнэмлэх) within 30 days of reaching the age of 16. [4] This is a form of identity document for these often nomadic people. Foreign travel passports are issued to citizens of Mongolia for ...
Coal, copper, and gold are the principal reserves mined in Mongolia. Several gold mines are located about 110 kilometres (68 mi) north of Ulaanbaatar, such as Boroo Gold Mine and Gatsuurt Gold Mine. Khotgor Coal Mine is an open-pit coal mining site about 120 kilometres (75 mi) west of Ulaangom. Ömnögovi Province in the south of Mongolia is ...
Sükhbaataryn Batbold ( Mongolian: Сүхбаатарын Батболд, born June 24, 1963) is a prominent Mongolian political figure and leader, who was Prime Minister of Mongolia from 2009 to 2012, as well as Chairman of the Mongolian People's Party. [2] He was previously Minister of Foreign Affairs in the government of his predecessor ...
The Erdenet Mining Corporation is a joint Mongolian-Russian venture, and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore per year, producing 126,700 tons of copper and 1,954 tons of molybdenum. [3] The mine accounts for 13.5% of Mongolia's GDP and 7% of tax revenue. [4]