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%.
(sourced mad-mongolia.com)
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