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Mongolian tribes were unified under the Chinggis Khaan (Genghis Khan), who found Great Mongolian Empire in 1206. Centuries after his rein, in 1921, Mongolia became first Asian Communist country.
In 1991, then Mongols shifted peacefully to a democratic political system as Asian first democratic country. Over the last two decades, the free market and democratic process has brought great changes to Mongolia.
Mongolia  is  a  landlocked  country,   located  between Russia  and  China.  It  has  an  area  of  1,566,000 sq  km (610,740 sq mi), and its average altitude is 1,580 m above sea level. Mongolia  is made  up  of  vast semi-desert  and desert plains, mountains  in west and south-west,  and the Gobi Desert in south east of it, where big copper and coal deposits are located.
Mongolian climate is same as Central Europe,  Northern part of  United States and Canada. Total annual  rainfall averages approx. 220 mm in Mongolia.  Much of the precipitation  falls as rain during the short summit, while winter is generally dry and extremely cold. The average summer  temperature  as about  25C, while winter temperatures average minus 25C.
Extensive grasslands cover approximately 65% of the land, while the Gobi desert dominates the south of Mongolia,  Forests and mountains  cover approximately 12% of the total land area, for the most part in the country's northern most regions.
Mongolia's vast territory  has rich mineral deposits  including  gold,  copper,  coal, fluorspar, silver, uranium;  24.8% of the Mongolian territory is covered by general exploration  work and geological mapping  at scale of 1:50,000.
Historical and recent geological exploration have covered only a fraction of Mongolia's territory  leaving  plenty  of  room  for rewarding  additional  geological exploration, especially for gold, copper and other metals- commodities in high demand on international markets.  While the production  of most minerals declined during the 1990's due to the painful transition to a market economy, gold production   nevertheless  increased  ten-fold. At the same time, exploration  by Mongolian and more especially by foreign investors has increased tremendously.
While Mongolia's mineral   potential   evaluation was   hampered   in   the past by limited infrastructure, a command economy, and  other  governmental restrictions, these barriers to exploration are now being dismantled. An improved business environment  combined  with the availability of an extensive geological database and numerous deposits and occurrences of gold, copper,  base metals and  other  minerals  has led to increased foreign investment in mineral exploration, boosting the sector's growth and development.
It is likely that new ventures may turn out to  be  outstanding   discoveries for  investors who to enter Mongolia's mining sector. These opportunities  are facilitated by a supportive government attitude and an alluring foreign investment business environment. The Mongolian Government and many local companies are eager to work with foreign investors who can provide new capital investment, facilitate technology transfer and introduce  modem mine  management,  who are  also seen as new  channels  and  bridges for new markets for Mongolia's mineral products.