Mining in Mongolia: Do the benefits outweigh the risks?
12 March 2013 Last updated at 03:13 GMT
In Mongolia the mining sector currently accounts for more than 25% of total economic output.
But some of the world's biggest mining companies have run into hurdles trying to start operations.
Rio Tinto is still in talks with the government trying to resolve disagreements related to its giant Oyu Tolgoi copper mine.
Peter Akerley from Erdene Resource Development has been exploring for metals in Mongolia for the past 15 years, and he describes it as a once in a generation opportunity.