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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 The tax was repealed in 2009 and phased out over ...
In 2006 Mongolia implemented a 68% windfall tax, which was the world's highest. The tax was based on profits made by mining companies on copper and gold sales above $2,600 per ton and $850 per ounce respectively. [23] [24] The tax was repealed in 2009 and phased out over the next two years. [25]
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 3.5 million, making it the world's most sparsely populated sovereign state. Mongolia is the world's largest landlocked country that does not ...
In the Mongol Empire, a tamgha was a seal placed on taxed items and, by extension, a tax on commerce (see Eastern Europe below). [14] Over a hundred different Mongolian tamga are known. Certain tamga were adopted by individual medieval Mongolic and Turkic rulers, and were consequently used on coins and seals issued by these rulers.
Yam (Mongolian: Өртөө, Örtöö, checkpoint) was a postal system or supply point route messenger system extensively used and expanded by Ögedei Khan and also used by subsequent great khans and khans. [2] Relay stations provided food, shelter and spare horses for Mongol army messengers. Ögedei Khan gave special attention to Yam because ...
The Bogd Khanate of Mongolia [a] was a de facto sovereign country in Outer Mongolia between 1911 and 1924 (except the period of occupation between 1919 and 1921). By the spring of 1911, some prominent Mongol nobles including Prince Tögs-Ochiryn Namnansüren persuaded the Jebstundamba Khutukhtu to convene a meeting of nobles and ecclesiastical officials to discuss independence from Qing China.
The Mongolian Revolution of 1911[a] occurred when the region of Outer Mongolia declared its independence from the Manchu -led Qing China during the Xinhai Revolution. [1] A combination of factors, including economic hardship and failure to resist Western imperialism, led many in China to be unhappy with the Qing government.
The Oyu Tolgoi mine is in the South Gobi Desert of Mongolia, 80 kilometres (50 mi) north of Mongolia's border with the People's Republic of China, where the mined copper is expected to be shipped. [4] Oyu Tolgoi deposits contain an estimated 2.7 million tonnes of copper and 1.7 million ounces (48,000 kg) of gold. [6]
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