Opportunity to Improve the Competitiveness of Foreign Direct Investment in Mongolian Coal Mining Industry

Abstract

The competitiveness of foreign direct investment (FDI) of mining sector and current economic situation, investment in the mining sector and competitiveness of the coal industry in Mongolia has been studied in this research work. Mongolia is one of 25 countries which has natural resources. There are about 30 types of natural resources, including gold, silver, copper, molybdenum, lead, tin, fluorspar, phosphorite, garnet and coal. Mongolia has about 173.3 million tons of hypothetical coal reserves, and more than 300 deposits in 15 basins has been discovered. From that 37.4 billion tons of coal reserves are estimated by geological specific exploration.