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Mongolia's GDP grows 22.5 pct in Q1 17 May 2021, 23:30 GMT+10 ULAN BATOR, May 17 (Xinhua) -- Mongolia's gross domestic product (GDP) grew 22.5 percent year on year in the first quarter of 2021, official data released by the country's National Statistics Office (NSO) showed Monday. The GDP amounted to 9.2 trillion Mongolian Tugriks (about 3.22 billion U.S. dollars) in the January-March period, the NSO said. The significant increase was mainly due to revenue from the mining sector, which grew by 34.1 percent, according to the statistical agency. Mongolia is rich in natural resources, and the...

What has Been Done to Improve Efficiency in the Mining Industry? 7Newswire 04 May 2021, 20:17 GMT+10 Mining has been a key industry in the US for centuries. From gold production to coal, which has been mined since the 1300s, this sector has long-been intertwined with the country's innovation and success. Today, mining in America is a valuable industry, with the market cap for some of the major companies achieving billions. Gold producers such as Newmont, for instance, come in at around $54 billion and copper producers including Freeport McMoRan saw a market cap of $19 billion last year. While...