McCloskey Mongolian Coal and Infrastructure Conference 2011
The inaugural McCloskey Mongolian Coal Conference will take place in Ulaanbaatar in April 2011. The coal bonanza in Mongolia is gathering pace as news of mine developments and rail projects are announced on a growing basis yet so much is still unknown about the huge potential of Mongolian coals, the diversity of qualities, size of deposits, accessibility and what is required to bring the coals to market.
In 2009, Mongolia exported 6mt (all coals) to China. The final figure for 2010 is forecasted to more than double to 15mt. Can such dramatic growth be maintained? Waiting for an answer to this question are the buyers in Russia, China and the rest of Asia. China may look the most logical importer for Mongolian coals with distances between the mines and the end-users significantly shorter than they are for Russia’s industrial buyers, but great efforts are being made to open up links to Russia as well as to China, and on to other Asian countries.
While the prospects for growth in Mongolian mining look very promising the industry is still in its early stages of development and the government is still adjusting to the new situation. Continual readjustment to the country’s mining laws has created a climate of political uncertainty and financial risk which may discourage potential investors from committing funds.
But outweighing this are the basic fundamentals of supply and demand in Asia. For example, China’s imports from all countries were 123mt (all coals) by the end of September 2010 and forecasted to annualise at 164mt, of which 45mt will be coking coals. Mongolia has the potential and the reserves to supply China with all its coking coal needs for many years to come; and to increase its supply as demand grows. What effect will this have on the other coking coal exporting countries such as Australia, Russia, Canada and the USA?
Before we see this rise in exports, the key development to facilitate Mongolia’s full arrival on the international scene is increased investments to fund the initial mining infrastructure and transport links. This is creating huge opportunities for the equipment suppliers, investors, mining services and infrastructure providers within the international coal industry.
Discover what needs to be done and what opportunities there are likely to be in Mongolia by booking your delegate place at the McCloskey Mongolian Coal Conference.
The conference will cover the following topics and more:
Evolution of Mongolian government policy and mining law
Overview of Mongolia’s coal reserves: Coking and thermal coals
Review of Mongolia’s proposed rail and road transport projects
World coking coal demand: 2011 – 2031
Overview of the 7.5Bt Ovoot Tolgoi coal deposit
Mongolia’s domestic power demand: Present and future
International investor’s view of Mongolia’s coal assets
Review of Chinese coking coal and steel demand
The direction of Mongolia’s coal exports
Challenges for labour and equipment supply
Global economic outlook
The influence of met coal indices on Mongolian coking coal pricing?
In 2009, Mongolia exported 6mt (all coals) to China. The final figure for 2010 is forecasted to more than double to 15mt. Can such dramatic growth be maintained? Waiting for an answer to this question are the buyers in Russia, China and the rest of Asia. China may look the most logical importer for Mongolian coals with distances between the mines and the end-users significantly shorter than they are for Russia’s industrial buyers, but great efforts are being made to open up links to Russia as well as to China, and on to other Asian countries.
While the prospects for growth in Mongolian mining look very promising the industry is still in its early stages of development and the government is still adjusting to the new situation. Continual readjustment to the country’s mining laws has created a climate of political uncertainty and financial risk which may discourage potential investors from committing funds.
But outweighing this are the basic fundamentals of supply and demand in Asia. For example, China’s imports from all countries were 123mt (all coals) by the end of September 2010 and forecasted to annualise at 164mt, of which 45mt will be coking coals. Mongolia has the potential and the reserves to supply China with all its coking coal needs for many years to come; and to increase its supply as demand grows. What effect will this have on the other coking coal exporting countries such as Australia, Russia, Canada and the USA?
Before we see this rise in exports, the key development to facilitate Mongolia’s full arrival on the international scene is increased investments to fund the initial mining infrastructure and transport links. This is creating huge opportunities for the equipment suppliers, investors, mining services and infrastructure providers within the international coal industry.
Discover what needs to be done and what opportunities there are likely to be in Mongolia by booking your delegate place at the McCloskey Mongolian Coal Conference.
The conference will cover the following topics and more:
Evolution of Mongolian government policy and mining law
Overview of Mongolia’s coal reserves: Coking and thermal coals
Review of Mongolia’s proposed rail and road transport projects
World coking coal demand: 2011 – 2031
Overview of the 7.5Bt Ovoot Tolgoi coal deposit
Mongolia’s domestic power demand: Present and future
International investor’s view of Mongolia’s coal assets
Review of Chinese coking coal and steel demand
The direction of Mongolia’s coal exports
Challenges for labour and equipment supply
Global economic outlook
The influence of met coal indices on Mongolian coking coal pricing?
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