Mongolia becomes leading coal exporter to China
Mongolia has become the leading coking coal exporter to China. As of the end of August, Mongolia supplies China with 43 percent of its coking coal.
Australia was the former leader in exporting coking coal to China, but its exports were reduced in 2011. Analysts say China is interested in Mongolia’s coal because it is cheaper. It’s estimated that China could annually save USD 6 billion by importing coal from Mongolia. A ton of coking coal from Australia costs about USD 185, while a ton from Mongolia costs USD 62. China imports coking coal from Mongolia through the Sehee border point, and a ton of coking coal costs about 660 yuan.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
Australia was the former leader in exporting coking coal to China, but its exports were reduced in 2011. Analysts say China is interested in Mongolia’s coal because it is cheaper. It’s estimated that China could annually save USD 6 billion by importing coal from Mongolia. A ton of coking coal from Australia costs about USD 185, while a ton from Mongolia costs USD 62. China imports coking coal from Mongolia through the Sehee border point, and a ton of coking coal costs about 660 yuan.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
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