diff --git a/src/abi/receipts.md b/src/abi/receipts.md
index 32ff1bb2..1fbfdf7c 100644
--- a/src/abi/receipts.md
+++ b/src/abi/receipts.md
@@ -23,6 +23,8 @@ All receipts will have a `type` property:
   - [Panic](#panic-receipt)
   - [Revert](#revert-receipt)
   - [Log](#log-receipt)
+  - [Mint](#mint-receipt)
+  - [Burn](#burn-receipt)
   - [LogData](#logdata-receipt)
   - [Transfer](#transfer-receipt)
   - [TransferOut](#transferout-receipt)
@@ -124,6 +126,46 @@ _Important note:_ For the JSON representation of receipts, we represent 64-bit u
 }
 ```
 
+## Mint Receipt
+
+- `type`: `Mint`.
+- `sub_id`: Hexadecimal string representation of the 256-bit (32-byte) asset sub identifier ID; derived from register `$rB`.
+- `contract_id`: Hexadecimal string representation of the 256-bit (32-byte) contract ID of the current context.
+- `val`: Decimal string representation of a 64-bit unsigned integer; value of register `$rA`.
+- `pc`: Hexadecimal string representation of a 64-bit unsigned integer; value of register `$pc`.
+- `is`: Hexadecimal string representation of a 64-bit unsigned integer; value of register `$is`.
+
+```json
+{
+  "type": "Mint",
+  "sub_id": "0x39150017c9e38e5e280432d546fae345d6ce6d8fe4710162c2e3a95a6faff051",
+  "contract_id": "0x39150017c9e38e5e280432d546fae345d6ce6d8fe4710162c2e3a95a6faff051",
+  "val": "18446744073709551613",
+  "pc": "0xffffffffffffffff",
+  "is": "0xfffffffffffffffe"
+}
+```
+
+## Burn Receipt
+
+- `type`: `Burn`.
+- `sub_id`: Hexadecimal string representation of the 256-bit (32-byte) asset sub identifier ID; derived from register `$rB`.
+- `contract_id`: Hexadecimal string representation of the 256-bit (32-byte) contract ID of the current context.
+- `val`: Decimal string representation of a 64-bit unsigned integer; value of register `$rA`.
+- `pc`: Hexadecimal string representation of a 64-bit unsigned integer; value of register `$pc`.
+- `is`: Hexadecimal string representation of a 64-bit unsigned integer; value of register `$is`.
+
+```json
+{
+  "type": "Burn",
+  "sub_id": "0x39150017c9e38e5e280432d546fae345d6ce6d8fe4710162c2e3a95a6faff051",
+  "contract_id": "0x39150017c9e38e5e280432d546fae345d6ce6d8fe4710162c2e3a95a6faff051",
+  "val": "18446744073709551613",
+  "pc": "0xffffffffffffffff",
+  "is": "0xfffffffffffffffe"
+}
+```
+
 ## LogData Receipt
 
 - `type`: `LogData`.
diff --git a/src/fuel-vm/instruction-set.md b/src/fuel-vm/instruction-set.md
index 46204b2a..65c12b68 100644
--- a/src/fuel-vm/instruction-set.md
+++ b/src/fuel-vm/instruction-set.md
@@ -1626,23 +1626,37 @@ Block header hashes for blocks with height greater than or equal to current bloc
 
 ### BURN: Burn existing coins
 
-|             |                                                      |
-|-------------|------------------------------------------------------|
-| Description | Burn `$rA` coins of the current contract's asset ID. |
-| Operation   | ```burn($rA);```                                     |
-| Syntax      | `burn $rA`                                           |
-| Encoding    | `0x00 rA - - -`                                      |
-| Notes       |                                                      |
+|             |                                                             |
+|-------------|-------------------------------------------------------------|
+| Description | Burn `$rA` coins of the `$rB` ID from the current contract. |
+| Operation   | ```burn($rA, $rB);```                                       |
+| Syntax      | `burn $rA $rB`                                              |
+| Encoding    | `0x00 rA rB - -`                                            |
+| Notes       | `$rB` is a pointer to a 32 byte ID in memory.               |
+
+The asset ID is constructed using the asset ID construction method.
 
 Panic if:
 
-- Balance of asset ID `MEM[$fp, 32]` of output with contract ID `MEM[$fp, 32]` minus `$rA` underflows
+- `$rB + 32 > VM_MAX_RAM`
+- Balance of asset ID from `constructAssetID(MEM[$fp, 32], MEM[$rB, 32])` of output with contract ID `MEM[$fp, 32]` minus `$rA` underflows
 - `$fp == 0` (in the script context)
 
-For output with contract ID `MEM[$fp, 32]`, decrease balance of asset ID `MEM[$fp, 32]` by `$rA`.
+For output with contract ID `MEM[$fp, 32]`, decrease balance of asset ID `constructAssetID(MEM[$fp, 32], MEM[$rB, 32])` by `$rA`.
 
 This modifies the `balanceRoot` field of the appropriate output.
 
+Append a receipt to the list of receipts, modifying tx.receiptsRoot:
+
+| name     | type          | description                                                               |
+|----------|---------------|---------------------------------------------------------------------------|
+| `type`   | `ReceiptType` | `ReceiptType.Burn`                                                  |
+| `sub_id`     | `byte[32]`    | Asset sub identifier `MEM[$rB, $rB + 32]`. |
+| `contract_id`     | `byte[32]`    | Contract ID of the current context. |
+| `val`    | `uint64`      | Value of register `$rA`.   |
+| `pc`     | `uint64`      | Value of register `$pc`.                                                  |
+| `is`     | `uint64`      | Value of register `$is`.                                                  |
+
 ### CALL: Call contract
 
 |             |                        |
@@ -1854,27 +1868,41 @@ Logs the memory range `MEM[$rC, $rD]`.
 Panics if:
 
 - `$rC + $rD` overflows
-- `$rA + $rD > VM_MAX_RAN`
+- `$rA + $rD > VM_MAX_RAM`
 
 ### MINT: Mint new coins
 
-|             |                                                      |
-|-------------|------------------------------------------------------|
-| Description | Mint `$rA` coins of the current contract's asset ID. |
-| Operation   | ```mint($rA);```                                     |
-| Syntax      | `mint $rA`                                           |
-| Encoding    | `0x00 rA - - -`                                      |
-| Notes       |                                                      |
+|             |                                                             |
+|-------------|-------------------------------------------------------------|
+| Description | Mint `$rA` coins of the `$rB` ID from the current contract. |
+| Operation   | ```mint($rA, $rB);```                                       |
+| Syntax      | `mint $rA $rB`                                              |
+| Encoding    | `0x00 rA rB - -`                                            |
+| Notes       | `$rB` is a pointer to a 32 byte ID in memory                |
+
+The asset ID will be constructed using the asset ID construction method.
 
 Panic if:
 
-- Balance of asset ID `MEM[$fp, 32]` of output with contract ID `MEM[$fp, 32]` plus `$rA` overflows
+- `$rB + 32 > VM_MAX_RAM`
+- Balance of asset ID `constructAssetID(MEM[$fp, 32], MEM[$rB])` of output with contract ID `MEM[$fp, 32]` plus `$rA` overflows
 - `$fp == 0` (in the script context)
 
-For output with contract ID `MEM[$fp, 32]`, increase balance of asset ID `MEM[$fp, 32]` by `$rA`.
+For output with contract ID `MEM[$fp, 32]`, increase balance of asset ID `constructAssetID(MEM[$fp, 32], MEM[$rB])` by `$rA`.
 
 This modifies the `balanceRoot` field of the appropriate output.
 
+Append a receipt to the list of receipts, modifying tx.receiptsRoot:
+
+| name     | type          | description                                                               |
+|----------|---------------|---------------------------------------------------------------------------|
+| `type`   | `ReceiptType` | `ReceiptType.Mint`                                                  |
+| `sub_id`     | `byte[32]`    | Asset sub identifier `MEM[$rB, $rB + 32]`. |
+| `contract_id`     | `byte[32]`    | Contract ID of the current context. |
+| `val`    | `uint64`      | Value of register `$rA`.   |
+| `pc`     | `uint64`      | Value of register `$pc`.                                                  |
+| `is`     | `uint64`      | Value of register `$is`.                                                  |
+
 ### RETD: Return from context with data
 
 |             |                                                                         |
diff --git a/src/identifiers/asset.md b/src/identifiers/asset.md
new file mode 100644
index 00000000..7f51fb51
--- /dev/null
+++ b/src/identifiers/asset.md
@@ -0,0 +1,8 @@
+# Asset ID
+
+The _asset ID_ (also called _asset hash_) of a asset is computed as
+the [hash](../protocol/cryptographic-primitives.md#hashing) of the `CONTRACT_ID` and a 256-bit `SUB_IDENTIFIER`.
+
+```python
+sha256(CONTRACT_ID ++ SUB_IDENTIFIER)
+```
diff --git a/src/identifiers/index.md b/src/identifiers/index.md
index 4cd66523..0cff02bb 100644
--- a/src/identifiers/index.md
+++ b/src/identifiers/index.md
@@ -2,9 +2,10 @@
 
 This chapter defines how to compute unique identifiers.
 
-- [Transaction ID](./transaction-id.md)
+- [Asset ID](./asset.md)
 - [Contract ID](./contract-id.md)
 - [Predicate ID](./predicate-id.md)
+- [Transaction ID](./transaction-id.md)
 - [UTXO ID](./utxo-id.md)
   - [Coin ID](./utxo-id.md#coin-id)
   - [Message ID](./utxo-id.md#message-id)
diff --git a/src/tx-format/transaction.md b/src/tx-format/transaction.md
index c9c9278c..3ece7d46 100644
--- a/src/tx-format/transaction.md
+++ b/src/tx-format/transaction.md
@@ -51,6 +51,8 @@ enum ReceiptType : uint8 {
     TransferOut = 8,
     ScriptResult = 9,
     MessageOut = 10,
+    Mint = 11
+    Burn = 12
 }
 ```