The Mineral Resources Authority has revealed that around 50 organizations currently exploit coal in 36 mines. Two of these are state owned, three are owned by province administrations, and the remaining 45 are private companies.

According to the Authority, Mongolia has geological coal reserves of 163.2 billion tons in 300 deposits and occurrences in 15 coal basins, falling in 3 major regions. Of the 172 mining licenses issued to 123 companies, 105 are in active use by these 50 or so companies. 39 coal mining licenses were issued at Nalaikh district of Ulaanbaatar.

Mongolia is one of the ten countries in the world with the most coal reserve, and further exploration could increase its reserves.