RWI Home
http://revenuewatch.org/EITIreports
Mongolia
Data Year
2008
Report Published 
2010
Commodities
Gold, Copper, Coal, Zinc, Iron ore, Tungsten, Flourite/Flourspar, Tin, Molybdenum, Oil, Uranium, Steel, Silver, Plumbum
Gold, Copper, Coal, Zinc, Iron ore, Tungsten, Flourite/Flourspar, Tin, Molybdenum, Oil, Uranium, Steel, Silver, Plumbum
Current EITI Status
Compliant
Compliant
Report Quality Analysis
- Report covered data from 2008.
- The materiality threshold is clearly stated in the report and has improved over time.
- Good efforts have been made to improve and enforce standards of reliability for company payment data, but this effort does not extend to government receipt data.
- The report provides information on company and agency compliance with the reconciliation process--a practice that could be emulated in other countries.
- The report includes information on company donations to national and local agencies, but poor record-keeping by some local authorities precludes reconciliation of these figures.
- The 2008 report is too enormous to be useful. While it contains the data needed to calculate earnings per-commodity, this information should be included in summary tables rather than spread across 279 pages.
- Because of the EITI committee's definition of materiality, many mining companies are not included in the reports. The 2007 report included only 38 of the 102 companies that provided payment data. It would be useful to know the percentage of revenue contributed by these smaller companies.
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
| Commodity | EITI Production Volumes | Units | Indep. Source Production Volumes | Units | Price from EITI Report | Per Unit | Indep. Reference Price | Per Unit | Total Company Payments | Total Gov't Receipts | Notes |
| Gold | 13,608 | kgs | 15,184 | kgs 1 | $/kg | 30,829.44 | $/kg 1 | ||||
| Copper | 142,628 | mts | 126,796 | mts 1 | $/mt | 6,944.56 | $/mt 1 | ||||
| Coal | 10,683,160 | mts | 10,116,121 | mts 2 | $/mt | 133.23 | $/mt 3 | ||||
| Zinc | 158,292 | mts | 71,800 | mts 1 | $/mt | 1,873.93 | $/mt 1 | ||||
| Iron Ore | 1,529,347 | mts | 1,387,000 | mts 1 | $/mt | 70.43 | $/mt 1 | ||||
| Tungsten | 157 | mts | 142,000 | mts 1 | $/mt | 184.00 | $/mt 1 | ||||
| Fluorspar | 369,054 | mts | 335,000 | mts 1 | $/mt | 117.95 | $/mt 1 | ||||
| Tin | 99 | mts | 0 | $/mt | 24,912.24 | $/mt 1 | |||||
| Molybdenum | 4,288 | mts | 1,900,000 | mts 1 | $/mt | 62,990.00 | $/mt 1 | ||||
| Oil | 2,049,600 | bbls | 1,174,000 | bbls 1 | $/bbl | 97.22 | $/bbl 3 | ||||
| copper + molyb | |||||||||||
| Spar | $/mt | 117.95 | $/mt 1 | ||||||||
| Polymetal | |||||||||||
| Zinc - Tin | |||||||||||
| gold - alu |
1 USGS
2 EIA
3 BPSR
EITI report failed to provide this commodity-specific data.
2 EIA
3 BPSR
EITI report failed to provide this commodity-specific data.
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.60 | |
| b) total reports / implementing years | 3/5 | |
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) companies | No | 18/46 cos. provided data from audited reports and all company EITI submissions were confirmed by internal auditor. |
| b) government | No | 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) royalties | Yes | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | No | |
| e) state-owned enterprise (SOE) payments | N/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) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | Yes | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | Yes | |
| d) a clear definition of terms | No | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, 2010 | 38.2 | |
| Corruption Perception Index, 2010 | 116/178 | |
| Open Budget Survey, 2010 | 60 | |
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.)