The export of mineral resources is a significant source of export revenues for Mongolia, with copper concentrate, coal, iron ore, gold and oil having a lion’s share.
Since 2017, the demand for Mongolian coal has increased dramatically. China is the largest consumer of coal in the world and Mongolia’s close neighbor. In the first six months of 2017, Mongolia managed to sell China a record amount of coal.
According to economists, Mongolia exported approximately 25 million tons of “black gold” to China each month.
According to the authorities of Gants mod border checkpoint, in the first six months of this year, Mongolia exported 10.09 million tons of coal to China through the Gashuunsukhait-Gants mod border checkpoints. This result exceeds the volume of coal exports for the same period of last year by 14 percent.
The transportation of coal through the Gants mod border checkpoint for the first six months of last year was more than 10 million tons, while this level was reached in the first 4 months of this year. “This was facilitated by the increase in supply, related to the increase in demand for coal in China. On the other hand, the technical modernization of the border checkpoint played a role in reducing delays for a technical reason,” said the representatives of the Gants mod border checkpoint.
In the future, coal exporters expect that the supply of coal will be stable. As for the main exporter of Mongolia, Tavan Tolgoi plans to increase the volume of its transportation to 11.5 million tons of coal this year.