Mongolia

Compliant country Hidden:  Not Hidden Mongolia's EITI website Overview of Extractive Industries Mongolia's mining sector is a major contributor to the national economy. According to the Ministry Resources Authority of Mongolia, the mining sector represented 22,1% of GDP and 84,6 % of exports in 2009. Major exports include copper, gold, molybdemum, coal, and fluorspar concentrates.  The Oyu Tolgoi copper and gold project is expected to account for one third of GDP by 2020.  The implementation of the EITI is playing a key role in strengthening resource revenue management and transparency. Status of EITI Implementation On 19 October 2010, the EITI Board designated Mongolia as EITI Compliant. Mongolia must be revalidated by 18 October 2015. Stakeholders in the process may request that the EITI Board requires a new EITI Validation at any time within that period if they think the process needs reviewing.The government of Mongolia committed to implement EITI in December 2005 and was admitted as EITI Candidate on 27 September 2007.Mongolia completed Validation in February 2010. Following a review of the Validation report, the Board designated Mongolia as Candidate country that is ‘close to compliant’ on 15 April 2010. Mongolia was granted six months to complete the remedial actions needed to achieve compliance. In accordance with the EITI Board decision, a review of the remedial actions was prepared by the International Secretariat to supplement the Validation report. The review was considered by the Board on 19 October 2010.Mongolia issued its fourth EITI report in June 2011, disclosing 2009 data from the oil and mining industries. According to the report, the government of Mongolia received US$ 516 mn in taxes and other payments from extractive companies. The mining sector accounts for 96 % of these revenues. The multi-stakeholder working group has agreed that any extractive company making payments in excess of US$ 35 000 is required to participate in the reporting process. 101 companies disclosed their payments in the 2009 report. The revenue streams to provincial and district authorities have been included in the 2009 report with 21 provinces and 120 districts disclosing revenues.Mongolia has published four EITI reports in the period 2008-2011. The number of companies reporting have increased from 35 to 101. At the EITI Global Conference in March 2011, Mongolia received the Chair’s Awards for for consistent improvement in EITI reporting.The reports are available on the Mongolia EITI website. The EITI video Transparency Counts features a case study on EITI in Mongolia.  Governance of EITI Implementation A National Council coordinating and monitoring the Mongolia EITI, chaired by the Prime Minister, has been established, together with a Multi Stakeholder Working Group. Details on the composition of these groups is available on the Mongolia EITI website. EITI Focal Point Sh. TsolmonCoordinatorSecretariat of Mongolia Extractive Industries Transparency InitiativeE-Mail: eiti [dot] secretariat [dot] mn [at] gmail [dot] com Companies operating* Oil & gas companies: CNPC (China) Mining companies: Rio Tinto*, Vale*, Ivanhoe Mines, Boroo Gold, Shitzhir Alt, AltanDornot Mongol, Tavantolgoi, Erdenet Mining Corporation, Cameco Mining.* EITI Supporting Company * Note: Company list based on EITI research and is not conclusive For further information, please contact drogan [at] eiti [dot] org (Dyveke Rogan) at the EITI International Secretariat.

As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September. Countries’ efforts to meet the deadlines have led to an unprecedented level of activity to improve transparency in the extractives sector. In the past 12 months, 18 countries have produced EITI Reports. File:  EITI-Newsletter-2010-July.pdf