Coal export of Mongolia increased by two times in amount while risen by four times in price compared to the same period of last year.
According to the statistics of the first six months of 2017, Mongolia`s coal export reached 19.1 million tons and earned USD 282.3 million of income. Raw coal amounted the majority of the coal export.
The policy of the Chinese government in its coal sector has increased coal demand which showing a positive impact on operations of Mongolian coal companies. In addition, the price recovery in the coal sector caused the increase in income.
Erdenes Tavan Tolgoi JSC supplied the majority of the coal export. In the first quarter of 2017, the company was selling per tons of coal by USD 60 while it has increased to USD 69 in July 2017.
Moreover, experts concluded that improved access to ports of Gashuun Sukhait which is the main coal export port caused the rise in coal export.
Coal export of Mongolia increased by two times in amount while risen by four times in price compared to the same period of last year.
According to the statistics of the first six months of 2017, Mongolia`s coal export reached 19.1 million tons and earned USD 282.3 million of income. Raw coal amounted the majority of the coal export.
The policy of the Chinese government in its coal sector has increased coal demand which showing a positive impact on operations of Mongolian coal companies. In addition, the price recovery in the coal sector caused the increase in income.
Erdenes Tavan Tolgoi JSC supplied the majority of the coal export. In the first quarter of 2017, the company was selling per tons of coal by USD 60 while it has increased to USD 69 in July 2017.
Moreover, experts concluded that improved access to ports of Gashuun Sukhait which is the main coal export port caused the rise in coal export.