1 RUSSIA’S GRAIN EXPORTS SURGE MORE THAN 54% THIS YEAR WWW.RT.COM PUBLISHED:2018/11/12      2 INVEST MONGOLIA TOKYO ON NOVEMBER 19 WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/12      3 AN “ALTERNATE ECONOMY” RUN BY CHIEFTAINS WWW.BLOGS.UBC.CA PUBLISHED:2018/11/12      4 BRITISH COLUMBIA REVISES LAW THAT REGULATES THE ENVIRONMENTAL ASSESSMENT OF MAJOR RESOURCE PROJECTS WWW.MINING.COM PUBLISHED:2018/11/12      5 ALIBABA SINGLES DAY SALES FRENZY SURPASSES RECORDS WWW.BBC.COM PUBLISHED:2018/11/12      6 CHINA’S OIL IMPORTS SURGE TO RECORD HIGH WWW.RT.COM PUBLISHED:2018/11/12      7 UN ADOPTS LITERACY RESOLUTION SPONSORED BY MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/12      8 NUMBER OF ECO SCHOOLS REACHES TO 286 WWW.MONTSAME.MN PUBLISHED:2018/11/12      9 SMALL WASTEWATER TREATMENT PLANT BEGINS OPERATION IN UB WWW.NEWS.MN PUBLISHED:2018/11/09      10 MONGOLIA CELEBRATES BIRTHDAY OF GENGHIS KHAN WWW.XINHUANET.COM PUBLISHED:2018/11/09      ЕВРОПЫН ХОЛБОО МАНАЙ УЛСАД ТӨЛӨӨЛӨГЧИЙН ГАЗРАА НЭЭХ ГЭЖ БУЙД ТАЛАРХАЛ ИЛЭРХИЙЛЛЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2018/11/12     ГАШУУНСУХАЙТ БООМТ: "ОЮУ ТОЛГОЙ" ХХК-ИЙН ЭКСПОРТ БААСАН ГАРАГТ БҮРЭН ЗОГССОН Ч БЯМБА ГАРАГТ ХЭВИЙН БОЛСОН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/12     ШВЕДИЙН ШИНЭ ОНЫ ХУАНЛИ, ЯРУУ НАЙРГИЙН ТҮҮВЭРТ МОНГОЛ ХАЙЧИЛБАР ХЭВЛЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/12     SAMSUNG: ИРЭХ ОНД САЯ ГАРУЙ ЭВХЭГДДЭГ ГАР УТАС ҮЙЛДВЭРЛЭНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2018/11/12     БИЗНЕС ЭРХЛЭГЧИД ЖДҮ-ИЙН ХУУЛИУДЫГ ЯАРАЛТАЙ БАТЛАХЫГ ШААРДЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/12     ХУДАЛДААНЫ ДАЙНААС ДАЙЖСАН МӨНГӨ ЗАХ ЗЭЭЛ ХАЙЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/12     ЖДҮХС-ГИЙН ЗЭЭЛИЙГ БАНК БУС САНХҮҮГИЙН САЛБАР РУУ ОРУУЛАХ БОЛОМЖГҮЙ ГЭВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/12     S&P: МОНГОЛ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛИЙГ ДЭЭШЛҮҮЛЭХЭД ТӨСВИЙН ҮЗҮҮЛЭЛТҮҮД ГОЛЛОН НӨЛӨӨЛӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/12     ИРГЭДИЙН АМЬДРАХ ОРЧНЫ АЮУЛГҮЙ БАЙДЛЫГ ХАНГАХ ЧИГЛЭЛЭЭР АНХААРАН АЖИЛЛАЖ БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/09     ГАЗРЫН ТОС 72.10 АМ.ДОЛЛАРЫН ХАНШТАЙ БАЙНА WWW.DNN.MN НИЙТЭЛСЭН:2018/11/09    

Mongolia plans coal rail link to China by 2021 www.reuters.com

SHANGHAI (Reuters) - Mongolia aims to complete a railway from its Tavan Tolgoi coal project to the Chinese border by 2021, a Mongolian official told Reuters on Thursday.

The rail link from Tavan Tolgoi would have the capacity to deliver 30 million tonnes of coal a year to China, said Samdandovj Ashidmunkh, chief investment officer of the state firm running the project.

The link will be completed within two years of an overseas initial public offering of stock in Tavan Tolgoi scheduled for the first quarter of 2019, Ashidmunkh, of Erdenes-Tavan Tolgoi, said on the sidelines of a forum in Shanghai on China-Mongolia cooperation in mining.

Mongolia expects demand for high quality coking coal from China’s steel sector to increase, but many analysts in China believe steel production is nearing its peak and could start to fall.

Tavan Tolgoi is the world’s largest undeveloped coking coal mine with 7.4 billion tons of estimated reserves.

The project was originally set to host a thermal power plant that would supply Rio Tinto Ltd’s massive Oyu Tolgoi copper mine, which is currently being expanded.

But Mongolia’s inability to find funding has put the onus on Rio Tinto to build its own power facility.

Ashidmunkh said the government still planned to build a power plant at Tavan Tolgoi.

“It would be too much to have two power plants (in the region). Even if (Oyu Tolgoi) built its own power plant they will still need to purchase our coal,” he said.

Analysts attending the forum expressed scepticism about Mongolia’s ambitions, saying logistic costs still eroded the competitiveness of Mongolian coal and demand could soon begin to taper.

“China and Mongolia are greatly divided in the perception of coal resources at present,” said Chang Yijun, chief analyst with the consultancy Fenwei Energy.

Mongolian coal would only be competitive in southern China, where more imports were required, he said.

By David Stanway
Additional reporting by Beijing Monitoring Desk and John Ruwitch; editing by Richard Pullin



Published Date:2018-11-08