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The Red Book 2011, Mongolia assessed uranium resources at 74,000 tU, as aginsy a geological prospecting report it could go up to 1.47 million tU. Other areas where uranium prospecting has been fruitful are the Mongol-Priargun uranium province and Gurvanbulag apart from Dornod, in the east and northeast of the country in a volcanogenic ...
Mongolia's largest lake by volume of water, Lake Khövsgöl, drains via the Selenge river to the Arctic Ocean. One of the most easterly lakes of Mongolia, Hoh Nuur, at an elevation of 557 metres, is the lowest point in the country. [7] In total, the lakes and rivers of Mongolia cover 10,560 square kilometres, or 0.67% of the country. [1]
Mongolia has complicated tectonic and structural geology, belonging to the Mongolian-Okhotsk Mobile Zone, between the Siberian Platform and Chinese Platform.The basement rocks formed during the Paleozoic in the Precambrian as Riphean age ophiolite formations experienced rifting from 1.7 to 1.6 billion years ago and again around 800 million years ago.
Lakes in the country are mostly saline. The largest by volume is freshwater Lake Khövsgöl, a natural lake formed in a structural depression. [8] It is the second oldest lake in the world and accounts for 65 percent of the fresh water of Mongolia (2 percent of that in the world). [9]
Mongolia supports an innate biodiversity, owing to its unique and often undisturbed ecosystems. It has some of the last populations of the world's endangered species, and has many species that can only be found within it. However, Mongolia's biodiversity is threatened by its growing population and demand for natural resources.
In addition to its large reserves of natural resources, Inner Mongolia also has the largest usable wind power capacity in China [51] thanks to strong winds which develop in the province's grasslands. Some private companies have set up wind parks in parts of Inner Mongolia such as Bailingmiao , Hutengliang and Zhouzi.
In early 2020s, Mongolia's economy, though experiencing growth spurred by natural resource exports, faces challenges. Over-reliance on mining, rising debt, inflation, and potential fuel supply disruptions from Russia pose risks to the country's economic stability despite government efforts in infrastructure and social programs.
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