Mongolia has had a known significant geologic potential only for the last 50 years: about 4000 mineral deposits and occurrences of 40 different minerals have been discovered and explored. Today Mongolia is exporting copper, and molybdenum concentrates to Russia, Switzerland, Japan, Finland, USA, coal, fluorite, base metals to China and fluorite to Russia and some European countries. The non renewable nature of minerals makes it essential that the country's revenues from resources exploitation should be transformed into continuing productive industry, education, health care, in one word profit from mineral exploitation should continue to benefit the country.
