Developing Mongolia’s coal industry: "In the last two decades, with assistance and advice from various multi-lateral and bi-lateral donors, Mongolia has begun reforms to move from a centrally planned economy towards one with market characteristics. At the same time, geological surveys have shown it to hold vast reserves of coal, copper, gold, silver, uranium, molybdenum, iron, tin, nickel, zinc, tungsten, phosphates, fluorspar and some oil. The government of Mongolia recognises both that exploitation of its mineral wealth is essential if the economy is to grow and that it must establish a sustainable way forward if it is to avoid the problems that have affected several other resource rich developing countries in the past."
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