MRAM: 21 ENTITIES EXPORT COAL IN 2018
In 2018, a total of 77 mining work plans were drafted and approved, of which 32 plans included exports of coal. According to the Mineral Resources Authority of Mongolia, currently, 21 companies are exporting coal. Last year, 20 mining work plans were drafted and approved, of which 18 included exports. This year's plan shows that most of the companies or 17 of them are operating in Umnugovi province, 13 in Dornogovi and 11 in Sukhbaatar provinces. Major exporter, 'Mongolia Energy Corporation', which is listed on the Hong Kong Stock Exchange, is mining coal from Khushuut deposit. The company is aiming to export one million tons of enriched coal this year.
'Erdenes Tavantolgoi' JSC is aiming to mine and sell 13 million tons of coal at the end of this year. Local-owned 'Tavantolgoi' JSC is planning to mine and sell four million tons of coal in 2018.
Source: BloombergTv.mn