o carry out the idea of " two types of mining market s and twoРtypes of mineral resources" in China , t he Mongolia , especially southern Mongolia ,will be t he best choice.РFor clearly understanding t he present mineral industry of Mongolia , the basic geological feat ure of mineralРoccurrences and t he modified mining legislation have been summarized , t he exploitation of importantРmineral deposit and the f ut ure of Mongolian mineral industry have been discussed in t his paper. TheРp urpose for this work is to upgrade t he level of metallogenic study and mineral exploration on variousРdeposit s occurring in Mongolia , especially in sout hern Mongolia.Р Key words : mineral exploration ; exploitation on mineral deposit s ; metallogenic t heory ; an overviewРon mineral industry ; Mongolia