Ulaanbaatar
Ulaanbaatar, formerly anglicised as Ulan Bator (, , literally "Red Hero"), is the capital and largest city of Mongolia. The city is not part of any aimag (province), and its population was over 1.3 million, almost half of the country's total population. Located in north central Mongolia, the municipality lies at an elevation of about in a valley on the Tuul River. It is the country's cultural, industrial and financial heart, the centre of Mongolia's road network and connected by rail to both the Trans-Siberian Railway in Russia and the Chinese railway system.
Ulaanbaatar
Mining makes up the second-largest contributor to Ulaanbaatar's GDP at 25%. North of the city are several gold mines, including the Boroo Gold Mine, and foreign investment in the sector has allowed for growth and development. However, in light of a noticeable drop in GDP during the financial crisis of 2008, as demand for mining exports dropped, there has been movement towards diversifying the economy.