Only two large mines are currently being developed gold and copper in Oyu Tolgoi, coal in Tavan Tolgoi but there are numerous smaller mines throughout the country and 15 major deposits that are the source of serious discussions between global mining giants and the government, says Ganhuyag Chuluun Hutagt of TenGer, a bank holding company.

ECONOMIST: Boom time for miners in a resource-hungry region