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| A copper mine, from here |
According to the World Factbook, the industry sector comprises about 32.6% of Mongolia's GDP. Mining is big business these days in Mongolia, and coal and copper are its biggest products. A lot of the mining development has occurred through foreign companies--primarily Chinese. Mongolia has stepped up oversight of foreign investing recently, though, so that may slow the growth of mining some. A main issue associated with mining is, somewhat predictably, lack of infrastructure. There aren't a lot of paved roads out on the Steppe, and companies are building their own.
In addition to mining, other industries include animal processing, and the cashmere industry. Cashmere is the wool from the Cashmere goat (and other goats) and produces a beautiful soft fabric that is very strong.
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| Cashemere goats, from here |
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