Ulaanbaatar
Coking coal export to China increases
Economy | MiningUlaanbaatar /MONTSAME/ Mongolia’s revenue from coal exports amounted to USD 353.9 million, decreasing by 30 percent compared to the same period of 2014, mainly due to the Chinese market decline.
Export volume of coal was at 8.2 million tons, shrinking by some 22 percent. According to the latest statistics, the coal exports passing through Shiveekhuren border checkpoint has exceeded the amount of coal export passing through Ganshuunsukhait checkpoint.
For instance, 4.3 million tons of coal was exported to China through Shiveekhuren, while exported through Gashuunsukhait totaled to 3.9 million tons, showing decrease of 42 percent over the same period of the previous year.
The main factor for the decline in coal exports was the reduced sales of Energy Resource LLC, one of the major coal exporters of Mongolia. Another factor was that it became compulsory to carry coal by heavy transport road, thus raising the transportation expenditures.
On the other hand, the Chinese side is interested in buying unprocessed minerals and turning them into value-added products. Thus, Mongolian exports of coking coal have increased again.
According to China’s customs authority, Mongolia supplied 29 percent of all coking coal imports of China in the first half of 2015, while the percentage was 24 percent in the first half of 2014.
As of June, the coal price per ton was 45.2 USD at the borders of China.
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