In the first four months of 2018, around 85 percent of the country’s total export was consisted of mineral products alone. Specifically, the coal export increased by three percent, reaching USD 795.8 million according to the National Statistical Office (NSO) report.
The coal export has drastically increased since March and a total of 3.56 million tons of coal were exported in April. Following the official visit of the Mongolian Prime Minister Khurelsukh Ukhnaa, the number of exit ports at the Chinese side Gantsmod checkpoint was increased to three. As a result, average number of 950- 1200 coal trucks started transporting coal on daily basis for export, Erdenes Tavan Tolgoi JSC reported. The company exports coal from West Tsankhi Deposit at USD 68.1 per ton and coal from East Tsankhi at USD 60 per ton. Also, Southgobi Resources LLC, which conducts mining operation at Ovoot Tolgoi coal deposit has exported approximately 1 million tons of coal since the beginning of 2018.
In addition to this, copper concentration export was decreased by 8.6 percent in physical quantity in the first four months of 2018, to 458.6 thousand tons. Total sales reached USD 627.6 million, which is an increase of 20 percent compared to the same period of last year, the NSO reported. One of the major mining exporters Oyu Tolgoi LLC’s sales revenue totalled USD 168.9 million, which is a 13 percent fall year over year, Turquoise Hill Resources LLC reported. It was noted that several factors including decline in concentration content had an impact in it.
Moreover, zinc export totalled 41.6 thousand tons and shown an increase of seven percent. The revenue increased by 30 percent, to USD 75.1 million.
In the first four months of 2018, around 85 percent of the country’s total export was consisted of mineral products alone. Specifically, the coal export increased by three percent, reaching USD 795.8 million according to the National Statistical Office (NSO) report.
The coal export has drastically increased since March and a total of 3.56 million tons of coal were exported in April. Following the official visit of the Mongolian Prime Minister Khurelsukh Ukhnaa, the number of exit ports at the Chinese side Gantsmod checkpoint was increased to three. As a result, average number of 950- 1200 coal trucks started transporting coal on daily basis for export, Erdenes Tavan Tolgoi JSC reported. The company exports coal from West Tsankhi Deposit at USD 68.1 per ton and coal from East Tsankhi at USD 60 per ton. Also, Southgobi Resources LLC, which conducts mining operation at Ovoot Tolgoi coal deposit has exported approximately 1 million tons of coal since the beginning of 2018.
In addition to this, copper concentration export was decreased by 8.6 percent in physical quantity in the first four months of 2018, to 458.6 thousand tons. Total sales reached USD 627.6 million, which is an increase of 20 percent compared to the same period of last year, the NSO reported. One of the major mining exporters Oyu Tolgoi LLC’s sales revenue totalled USD 168.9 million, which is a 13 percent fall year over year, Turquoise Hill Resources LLC reported. It was noted that several factors including decline in concentration content had an impact in it.
Moreover, zinc export totalled 41.6 thousand tons and shown an increase of seven percent. The revenue increased by 30 percent, to USD 75.1 million.