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Mongolia

2009 Indicator Analysis  |  2008 Indicator Analysis  |  2007  |  2006


Data Year

2009

Report Published Indicator Analysis

2011

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 Corporation LLC

Source   eitimongolia.mn



Company Payments

$509,432,017

Government Receipts

$509,417,854


CommodityEITI Production VolumesUnitsIndep. Source Production VolumesUnitsPrice from EITI ReportPer UnitIndep. Reference PricePer UnitTotal Company PaymentsTotal Gov't ReceiptsNotes
Gold907kg9,803kg 133,510.26$/kg 1
Copper (concentrate and cathode)145,803mts129,800mts 15,070.63$/mt 1
Coal 14,510,826mts13,164,000mts 170.66$/mt 2
Zinc172,512mts156,500mts 11,653.47$/mt 1
Iron Ore1,520,087mts1,380,000mts 170.00$/mt 1
Tungsten43mts39mts 118,915.51$/mt 1
Flourite/Flourspar (Flourite and Flourite concentrate)506,512mts459,000mts 1121.25$/mt 1
Tin17mts
Molybdenum173mts2,140mts 118,320.41$/mt 1
Oil
 
bbls1,870,000bbls 161.66$/bbl 2
Uranium
 
Steel
 
mts80,000mts 1
Silver
 
mts28,800mts 1429,855.48$/mt 1
Plumbum
 
1 USGS
2 BPSR
   EITI report failed to provide this commodity-specific data.

Report Quality Indicators

1. Regularity

a) score 
b) total reports / implementing years4/4 

2. Timeliness

Lag between fiscal year of data and publication year.2 

3. Materiality

Report clearly defines a materiality threshold.Yes The materiality threshold is MNT 50 million (about $35,000). The report notes specific material revenue streams that were omitted.

4. Data Reliability

Report contains audited data from:  
a) companiesNo 31/101 companies provided audited data.
b) governmentNo No indication that government data was audited.

5. Coverage

Revenue data includes the following revenue streams:  
a) royaltiesYes  
b) taxesYes 
c) surface, rental or license feesYes 
d) bonusesNo The report does include "donations" made to government entities.
e) state-owned enterprise (SOE) paymentsYes The largest mining company, Erdenet Mining Corporation LLC, is jointly owned by the Mongolian and Russian governments.
f) Report covers all extractive sector companies.Yes 101:101 reported.
g) Report states the price of any product received or sold by government.No  
h) Report states the quantity of resources produced.Yes  

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.Yes While payments made by at least one state-owned company are included, there is no information on SOE receipts.

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, N/A 
Corruption Perception Index, N/A 
Open Budget Survey, N/A 



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