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Coal miners' export price varies significantly www.gogo.mn
Erdenes Tavan Tolgoi JSC (ETT), which plans to export 10 million tons of coal in 2018, has failed to reach a deal with Chalco. As of March, the company is selling coal at USD 68.1 per ton at the mine, informed Ariunbold Dorj, CEO of ETT. Presently, Mongolyn Alt LLC, SouthGobi Sands and Usukh Zoos are mining in Nariinsukhait residual deposits.
This year, Mongolyn Alt LLC has exported 1.5 million tons of coal. Vice President of the Company Tsogt Galsan notified that the company is selling coal at CNY 500, or USD79.4, at the mine. Around one third of coal in Nariinsukhait consists of coking coal, while the remaining are considered thermal coal.
As for SouthGobi Sands LLC, the average price of coal was CNY 280 or USD 44.5 per ton. The company plans to export 5.5 million tons of coal this year, as well as producing 800 thousand tons of processed coal. The company estimates the processing coal price to reach CNY 500-600.
Aspire Mining LLC, who purchased the special permission to mine in Nuurstei Coking Coal deposit, informed that it expects coking coal price to remain stable throughout the year.
Tugsbilig.B
Published Date:2018-04-02
