‘Erdenes Tavan Tolgoi’ JSC that plans to export 10 million tonnes of coal in 2018 could not negotiate with ‘Chalco’. As of March, the coal price is sold at USD 68.1 per ton, according to the company’s CEO D.Ariunbold. “Mongolian Gold Corporation”, “Southgobi Sands” and “Growing Coins” companies are mining the Nariinsukhait. “Mongolian Gold Corporation” has exported 1.5 million tons of coal since 2018. The coal is sold at about $500 per ton at the mine site, according to MAK’s CEO G.Tsogt. One third of Nariinsukhait coal is coking coal and the rest are thermal coal.

Meanwhile, for SouthGobi Sands average coal price per ton in 2017 was 280 yuan. The company plans to export 5.5 million tons of coal this year, of these 800 thousand tons will be concentrated. The company estimates that the concentrated coal price will reach 500-600 yuan per ton.

As of October 2017, the coking coal price is expected to remain stable, according to Aspire Mining, which has been licensed for coking coal mining.

Source: BloombergTv.mn