Fran├žais   RWI Home  |  About RWI  |  Our Work  |  News

http://revenuewatch.org/EITIreports

Mongolia

2009 Indicator Analysis  |  2008 Indicator Analysis  |  2007  |  2006


Data Year

2008

Report Published Indicator Analysis

2010

Commodities
Gold, Copper, Coal, Zinc, Iron ore, Tungsten, Flourite/Flourspar, Tin, Molybdenum, Oil, Uranium, Steel, Silver, Plumbum
Current EITI Status
Compliant

Report Quality Analysis



Report Compiled by   Hart Nurse Ltd/Ulaanbaatar Audit Corp. LLC

EITI report   Download PDF

Source   eitimongolia.mn



Company Payments

$587,569,416

Government Receipts

$588,513,372


GDP, 2008 BILLION $ source

5.12

Total Government Revenue (% of GDP)

36.05

Reported EI Revenue
(% of Total Revenue)

31.71



CommodityEITI Production VolumesUnitsIndep. Source Production VolumesUnitsPrice from EITI ReportPer UnitIndep. Reference PricePer UnitTotal Company PaymentsTotal Gov't ReceiptsNotes
Gold13,608kgs15,184kgs 1
 
$/kg30,829.44$/kg 1
 
 
Copper142,628mts126,796mts 1
 
$/mt6,944.56$/mt 1
 
 
Coal 10,683,160mts10,116,121mts 2
 
$/mt133.23$/mt 3
 
 
Zinc158,292mts71,800mts 1
 
$/mt1,873.93$/mt 1
 
 
Iron Ore1,529,347mts1,387,000mts 1
 
$/mt70.43$/mt 1
 
 
Tungsten157mts142,000mts 1
 
$/mt184.00$/mt 1
 
 
Fluorspar369,054mts335,000mts 1
 
$/mt117.95$/mt 1
 
 
Tin99mts0
 
$/mt24,912.24$/mt 1
 
 
Molybdenum4,288mts1,900,000mts 1
 
$/mt62,990.00$/mt 1
 
 
Oil2,049,600bbls1,174,000bbls 1
 
$/bbl97.22$/bbl 3
 
 
copper + molyb
 
 
 
 
Spar
 
 
$/mt117.95$/mt 1
 
 
Polymetal
 
 
 
 
Zinc - Tin
 
 
 
 
gold - alu
 
 
 
 
1 USGS
2 EIA
3 BPSR
   EITI report failed to provide this commodity-specific data.

Report Quality Indicators

1. Regularity

a) score0.60 
b) total reports / implementing years3/5 

2. Timeliness

Lag between fiscal year of data and publication year.2 

3. Materiality

Report clearly defines a materiality threshold.Yes All companies where government receipts exceeded MNT 100 million in 2008.

4. Data Reliability

Report contains audited data from:  
a) companiesNo 18/46 cos. provided data from audited reports and all company EITI submissions were confirmed by internal auditor.
b) governmentNo Govt. agencies across the board had no bookkeeping records. This was an issue especially at the local govt. level.

5. Coverage

Revenue data includes the following revenue streams:  
a) royaltiesYes  
b) taxesYes 
c) surface, rental or license feesYes 
d) bonusesNo  
e) state-owned enterprise (SOE) paymentsN/A  
f) Report covers all extractive sector companies.Yes 46 companies of the total 146 were required to report according to the materiality clause. All 46 complied.
g) Report states the price of any product received or sold by government.No  
h) Report states the quantity of resources produced.No  

6. Discrepancies

Report contains:  
a) information on the cause of revenue discrepancies.Yes  
b) reconciled data following the correction of discrepancies.Yes  

7. SOE Revenue Flow

SOE Revenue Flow data is clearly explained in the report.N/A  

8. Disaggregation

Report provides financial data on individual:  
a) companiesYes  
b) revenue streamsYes  
c) projectsNo  
d) commoditiesNo  

9. Comprehensibility

Report contains:  
a) a summary with key findings and revenue totalsYes 
b) clear indication of what currencies and units of measurement are used Yes 
c) written explanation of key findings and recommendationsYes  
d) a clear definition of termsNo  

10. Accessibility

Report is available:  
a) in at least one official languageYes  
b) on a government websiteYes 

Related Indicators

Revenue Watch Index, 201038.2 
Corruption Perception Index, 2010 116/178 
Open Budget Survey, 201060 



Download and save the current view as a CSV/Excel file, or print this view using the print button above. (To save page with full layout, please select print and choose any available option to print as a PDF file.)