1 BOM CALLS TO TRADE WITH NEIGHBORS IN THEIR NATIONAL CURRENCY WWW.MONTSAME.MN PUBLISHED:2018/10/19      2 RUSSIAN DEFENSE MINISTER S.K.SHOIGU PAYS VISIT TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/10/19      3 CZECH COMPANY TO RECIEVE WORKFORCE FROM MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/10/19      4 RUSSIA TO EXPAND MILITARY-TECHNICAL COOPERATION WITH MONGOLIA WWW.TASS.COM PUBLISHED:2018/10/19      5 JAPAN, NORTH KOREA INTELLIGENCE OFFICIALS HELD SECRET MEETING IN OCTOBER IN MONGOLIA WWW.JAPANTIMES.COM PUBLISHED:2018/10/19      6 MONGOLIA, VIETNAM SIGN AGREEMENT ON TRANSFER OF SENTENCED PERSONS WWW.XINHUANET.COM PUBLISHED:2018/10/19      7 CREDIT GUARANTEE FUND HELPS FINANCE 640 SMES WWW.ZGM.MN PUBLISHED:2018/10/19      8 MONGOLIAN PM PLANS TO VISIT RUSSIA BY END OF THE YEAR WWW.NEWS.MN PUBLISHED:2018/10/19      9 BUSINESSMEN OF AZERBAIJAN AND MONGOLIA AGREE ON COOPERATION WWW.AZERNEWS.AZ PUBLISHED:2018/10/18      10 GGGI SUPPORTS MOU SIGNING BETWEEN CHINA AND MONGOLIA TO PROMOTE COLLABORATION OF TWO COUNTRIES IN FIELDS OF ENERGY EFFICIENCY WWW.GGGI.ORG PUBLISHED:2018/10/18      МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ Х.БАТТУЛГА ХБНГУ-ЫН КАНЦЛЕР АНГЕЛА МЕРКЕЛЬ НАР УУЛЗАВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/10/19     2019 ОНЫ МӨНГӨНИЙ БОДЛОГЫН ҮНДСЭН ЧИГЛЭЛИЙГ ХЭЛЭЛЦЭХИЙГ УИХ ДЭМЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/19     АГААРЫН БОХИРДОЛ, ДЭД БҮТЭЦ, ХОТ ТӨЛӨВЛӨЛТ ЧИГЛЭЛД ФРАНЦ МЭРГЭЖИЛТНҮҮДИЙГ УЛААНБААТАРТ АЖИЛЛУУЛАХААР БОЛОВ WWW.IKON.MN НИЙТЭЛСЭН:2018/10/19     БНХАУ-ЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТ БУУРАХ ТӨЛӨВТЭЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/10/19     АЗИ-ЕВРОПЫН ДЭЭД ХЭМЖЭЭНИЙ XII УУЛЗАЛТААР ХУДАЛДАА, АЮУЛГҮЙ БАЙДЛЫН АСУУДЛЫГ ГОЛЧЛОН ХЭЛЭЛЦЭНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/10/19     ЯМАР Ч НӨХЦӨЛД ОНГОЦЫГ АЮУЛГҮЙ БУУЛГАХ БОЛОМЖТОЙ БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/10/19     ЯПОН, ХОЙД СОЛОНГОСЫН ТАГНУУЛЫН ТӨЛӨӨЛӨГЧИД МОНГОЛД НУУЦААР УУЛЗЖЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2018/10/19     ЕРӨНХИЙЛӨГЧ Х.БАТТУЛГА АСЕМ-ИЙН НЭЭЛТИЙН ХУРАЛДААНД ОРОЛЦОЖ, ҮГ ХЭЛЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/10/19     БЯСЛАГИЙН ҮЙЛДВЭРЛЭЛИЙГ НЭМЭГДҮҮЛЭХ ТАЛААР САНАЛ СОЛИЛЦЛОО WWW.ZINDAA.MN НИЙТЭЛСЭН:2018/10/18     “ЭРДЭНЭС ТАВАНТОЛГОЙ" КОМПАНИЙН ОЛОН НИЙТИЙН ЗӨВЛӨЛИЙН ГИШҮҮДИЙГ СОНГОЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/10/18    

Erdenes Tavan Tolgoi revenue surges due to higher coal prices www.news.mn

Mongolia’s coal sector will see robust production growth over the coming years said Fitch Solution. The growth will be driven by rising prices, a solid project pipeline and competitive operating costs. They forecasted Mongolia’s production to increase to 107 million tonnes by 2027 from a mere 30 million tonnes in 2018. Growth in Mongolia’s coal sector will be largely driven by coking coal projects as the country boasts high quality reserves of the steel-making ingredient. As an example, in H118, revenues of the state-owned Erdenes Tavan Tolgoi (ETT) surged due to higher coal prices and a big jump in coal exports, raising prospects for a planned initial public offering (IPO). The project exported 6.9 million tonnes of coal in H118, up 28% compared to H117, while net profits increased 31% y-o-y to reach USD152 million. The government plans to list 30% of ETT through a combined domestic and overseas offering, the proposal of which is now under debate in parliament. If the Parliament approves the bill by the end of September 2018, the preparatory works of the IPO are set to be completed within 180 days.

Along with the overseas IPO of ETT, the government is also aiming to attract more foreign investment into the coal sector, according to the Mongolian Minister of Mining and Heavy Industry, Dolgorsuren Sumiyabaza, during the 8th Coal Mongolia International Conference. To this effect the government is looking to introduce more advanced technology to coal mining operations in order to improve the competitiveness of Mongolian coal exports. (Fitch Solution)



Published Date:2018-09-20