In June 2011 Mongolia published its fourth EITI Report covering payments and revenues from its oil and mining sectors in 2009. 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.
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.