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Monday, January 16, 2012

Mongolia will export 30 million tonnes of coal this year

Monday, 16 Jan 2012

Mongolian specialists have predicted coal exports will be 24 million tonnes.

According to the National Statistics Office, coal accounts for 45% of all exports and earns about USD 2 billion annually.

Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.

According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.


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