Project Case Study
Australia–Mongolia Extractives Program
AMEP to assists Mongolia to sustainably manage its resource-led growth
Mongolia is rich in mineral resources, including some of the largest untapped deposits in the world. The Mongolian economy has developed at high speed over the last 20 years, with 2015 GDP growth at 2.3%. The mining sector holds an important position in this growth trend.
In 2014, the mining sector accounted for 16.3% of GDP and 88% of export earnings. Copper, coal, gold, crude oil, iron and fluorspar concentrates are main items of the export, 90% of the commodities are being exported to China. Mongolia is one of the leading copper, coal and gold rich states in the world.
The Australia Mongolia Extractives Program (AMEP), implemented by Adam Smith International, is the main vehicle for DFAT’s extractives engagement in Mongolia. The program utilises Australian expertise to assist the sustainable development of Mongolia’s extractives sector.
With a focus on sustainable private sector-led growth and economic reform, it assists Mongolian government agencies to strengthen governance in the mining sector, helps to create a more transparent and stable investment environment, and facilitates investment in the sector.
Since early 2015, AMEP has implemented a number of strategically important interventions, including support to the Government on geoscience and the development of a gold sector strategy. The demand-driven approach to engagement taken by AMEP has been a key feature of the partnership arrangement with the Ministry of Mines and Heavy Industry.
AMEP also works closely with relevant central and sub-national government institutions, representatives of civil society, affected communities, extractives companies, research institutes, and development partners.
