Report: Mongolia will export 30 million tons of coal this year
Frontier Securities has released its preliminary report on Mongolia’s economy for 2012. The report says Mongolia will export 30 million tons of coal in 2012, with coal export revenue reaching USD 2.75 billion.
Mongolian specialists have predicted coal exports will be 24 million tons. According to the National Statistics Office, coal accounts for 45 percent of all exports and earns about USD 2 billion annually.
Frontier Securities also estimated Mongolia’s copper export revenue at USD 1 billion, and iron ore at eight million tons and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011, while iron ore will increase by ten percent.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1 percent and inflation will reach 17 percent.
Mongolian specialists have predicted coal exports will be 24 million tons. According to the National Statistics Office, coal accounts for 45 percent of all exports and earns about USD 2 billion annually.
Frontier Securities also estimated Mongolia’s copper export revenue at USD 1 billion, and iron ore at eight million tons and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011, while iron ore will increase by ten percent.
According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1 percent and inflation will reach 17 percent.
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