Gold output in Mongolia will double by 2020
Mongolia's gold output to increase from 18 tonnes in 2016 to 40 tonnes per year by 2020, averaging 11.6% annual growth, according to BMI Research industry analyses.
Gold output in Mongolia will double by 2020. Mongolia's gold output to increase from 18 tonnes in 2016 to 40 tonnes per year by 2020, averaging 11.6% annual growth, according to BMI Research industry analyses. Mongolia's gold production will be driven by Rio Tinto's Oyu Tolgoi copper-gold project, scheduled to reach full production in 2021 and average 425koz of gold per year. In December 2015, the miner secured USD4.4bn in financing for the project.
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