Erdenes Tavan Tolgoi JSC to make a deal with Chalco

2018-05-08 08:30 GMT+8

According to Erdenes Tavan Tolgoi JSC's (ETT) contract with Aluminum Corporation of China Limited (Chalco), ETT coal from Zuun Tsankhi is sold for 59.33 USD per ton.

Acting CEO of Erdenes Tavan Tolgoi JSC B. Gankhuyag reported that the company sells coking coal from Baruun Tsankhi for 68.1 USD per ton and energy coal for 12 to 16 USD per ton. ETT has proposed raising Chalco's  price for coal to 62 USD, and is planning to make a new deal with the company on May 10.

B. Gankhuyag also noted that ETT will explore the possibility of enriching its coal at the Energy Resources plant in the second quarter of 2018. ETT exported 8.5 million tons of coal in 2017, accounting for 25 percent of the nation's coal export volume.   

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