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MINING AND QUARRYING GROSS OUTPUT DECREASED BY MNT 1.3 TRILLION


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MINING AND QUARRYING GROSS OUTPUT DECREASED BY MNT 1.3 TRILLION

19 May, 2020
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According to the preliminary results, the gross industrial output reached MNT 4.1 trillion in the first four months of 2020, showing a decrease of MNT 1.3 trillion (24.1%) from the same period of the previous year. This decrease was mainly due to the decrease in mining and quarrying gross output by MNT 1.3 trillion (33.0%) and manufacturing output by MNT 65.1 billion (6.5%), respectively.

 

But the electricity, thermal energy, and water supply output by MNT 66.8 billion (15.3%), respectively. By preliminary results, the mining and quarrying gross output reached MNT 2.6 trillion, in the first four months of 2020, showing a decrease of MNT 1.3 trillion (33.0%) from the same period of the previous year. This decrease was mainly due to reductions in the mining of coal and lignite by MNT 944.2 billion (55.0%), extraction of crude petroleum by MNT 254.2 billion (77.1%), and mining of metal ores by MNT 113.4 billion (6.2%), respectively.

 

In April 2020, the gross industrial output reached MNT 925.7 billion, showing a decrease of MNT 55.5 billion (5.7%) from the previous month. This decrease was mainly due to declines in mining and quarrying output by MNT 32.8 billion (5.2%) and manufacturing output by MNT 13.0 billion (5.7%).

 

By the preliminary results of the first 4 months of 2020, in the mining and quarrying sector, extraction of gold was increased by 2.1 times compared to the same period of the previous year. In the manufacturing sector, wheat flour, milk, productions of pure water, soft drink, juice, and alcohol were increased by 14.5 percent to 32.7 percent compared to the same period of the previous year. By the preliminary results of the first four months of 2020, the production of coal briquette and face-covering was increased by 4.5 to 19.2 times compared to the same period of the previous year.

 

Moreover, in the mining and quarrying sector, extraction of iron ore, brown coal, copper concentrate, flour spar, hard coal, and crude oil was decreased by 3.6 percent to 74.8 percent. In the manufacturing sector, alcoholic beverages, lime, concentrated coal, metal steel, copper cathode 99%, cashmere products, cement, combed cashmere, meat, and cigarettes were decreased by 5.6 percent to 89.9 percent compared to the same period of the previous year.

 

By the preliminary results of the first four months of 2020, the sales of industrial production reached MNT 4.1 trillion, decreased by MNT 2.4 trillion (36.6%) from the same period of the previous year. This decrease was mainly due to the decline of MNT 2.2 trillion (48.4%) in sales of mining and quarrying and MNT 220.9 billion (15.2%) in sales of manufacturing, In contrast, the sales of electricity, thermal energy, and water supply were increased by MNT 67.8 billion (15.4%).

 

The sales of mining and quarrying production were decreased by MNT 2.2 trillion (48.4%) from the same period of the previous year. This decrease was mainly resulted from decreases of MNT 1269.5 billion (70.1%) in sales of coal mining and MNT 686.8 billion (28.7%) in sales of mining of metal ores.

 

For the total sales of industrial production, MNT 2.3 trillion (55.8%) were from export, of which the export of mining and quarrying was MNT 2.0 trillion (85.3%).

 

For the sales of mining and quarrying production, MNT 2.0 trillion (85.3%) was comprised from the export, of which 69.7 percent was from the mining of metal ores, 24.8 percent was from the mining of coal and lignite, 3.0 percent was from the extraction of crude petroleum, 2.5 percent was from other mining and quarrying.

 

 

Source: https://montsame.mn/en/read/225805


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