First Delivery of the Online Traded Coal ConductedEconomy
Ulaanbaatar, January 23 /MONTSAME/. The transportation of coal traded through trial e-Auction of Commodity Exchange was carried out between January 16 and 19.
According to the Mongolian Stock Exchange, two lots or 12,800 tons of coal that traded through the trial trading of the MSE from “Energy Resources” LLC were successfully traded with the delivery conditions of FCA Gashuunsukhait Terminal.
Mongolia traded coal through Commodity Exchange for the first time, and the national exporters, “Energy Resources” LLC and “Erdenes Tavantolgoi” JSC, carried out the trial transportation of this online trade through the Gants Mod border checkpoint.
Mongolia will comply with the Law on Mining Products
Exchange for a more extended period by starting an open and transparent
e-auction against corruption and unfair procurement. The country is trading its
export coal online without incurring any additional costs or budgets, relying
on the existing infrastructure of the Mongolian Stock Exchange trading system