New direct route opens for minerals export
Summary: In order to diversify Mongolia's market for international coal buyers, the first train transporting coal directly from Dornogobi Province to Tianjin Port launched last week. With direct access to Tianjin's maritime port, Mongolian coal could be exported to Russia, Indonesia, and other countries at international market prices. Minister of Roads and Transportation Development D. Ganbat stated, “Mongolia opened a new path for export and we are working toward utilizing this opportunity.”
Through the Olon-Ovoo Station in Dornogobi, Chinggis’ Black Gold, Friendship, and other companies will be exporting minerals from the Altantolgoi mine. The price of coal has increased since February 2016, and Mongolia exported 25 million tons of coal last year, netting one billion USD, reaching an all-time high. Three companies operating at the Altantolgoi mine have signed agreements to export 800,000 tons of coal, and have stated that it is possible to increase the amount to 4 million tons annually. With plans for further upgrades for the railway and the Olon-Ovoo station, the export amount is expected to increase. With the start of minerals transportation, Ulaanbaatar Railway is set to earn around 9 billion MNT each month.
The Deputy Director of Chinggis’ Black Gold, A. Davaajav, stated, “Our company plans to export 600,000 tons of coal, or 9,400 wagons, selling 28 billion MNT worth of coal and paying 9.4 billion MNT for transportation fees and 4.2 billion MNT to the state and province.
Keywords: Tianjin Port, export, minerals
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