During the cabinet meeting today, the procedure on open online trade of coal for export was approved.
The procedure shall apply on relations between "Erdenes Tavantolgoi" JSC and the requested coal exporting company at the transport terminal in Gashuunsukhait port to organize online open trading of coal exports, carry out payments, conduct coal quality analysis, and monitor these.
J.Ganbaatar, the Minister of Mining and Heavy Industry, said that the draft law on the Mining Exchange is being discussed by the Parliament. The main content of this draft law is to purchase the main metals such as coal, copper and iron through the mining exchange. This law will come into effect on July 1. But until July 1, only coal will be sold through the exchange.
During the cabinet meeting today, the procedure on open online trade of coal for export was approved.
The procedure shall apply on relations between "Erdenes Tavantolgoi" JSC and the requested coal exporting company at the transport terminal in Gashuunsukhait port to organize online open trading of coal exports, carry out payments, conduct coal quality analysis, and monitor these.
J.Ganbaatar, the Minister of Mining and Heavy Industry, said that the draft law on the Mining Exchange is being discussed by the Parliament. The main content of this draft law is to purchase the main metals such as coal, copper and iron through the mining exchange. This law will come into effect on July 1. But until July 1, only coal will be sold through the exchange.