Ulaanbaatar
Coal and iron concentrate export decreases due to border closure
Economy
Ulaanbaatar/MONTSAME/. According to the Ministry of Mining
and Heavy Industry, 21,302.9 thousand tons of coal was mined in 2021. Out of it 15,941.7 thousand tons were exported, which showed a 44.3 percent decrease
compared to the same period of the previous year.
During the reference period, 1,238.6 thousand tons of
copper concentrate was exported, showing a decline of 15 percent as compared with
the same period of the previous year. However, due to high prices of copper
concentrate on the world market, last year's plan was fulfilled by 111 percent.
From December 24 to 30, 2021, Mongolia exported a total of
135.6 thousand tons of coal (665 containerized coal by road, 800 by rail), 144
containerized copper concentrate by road, and 8 containers or 0.9 thousand tons
of iron ore concentrate by rail. The decline in Mongolia's main export
commodities is due to the closure of the Chinese border because of the COVID-19
pandemic.
The central bank’s purchase of gold (20.60 tons) showed a 12.5
percent decrease compared to the same period of the previous year. However, it fulfilled
the plan approved by 2021 budget amendment, showing a performance of 103
percent.
Moreover, the country extracted 4,666.5 thousand barrels of
oil and exported 4,090.4 thousand barrels in 2021.
