Mongolian coal exports grow five-fold in 5 months

Oyundelger 2017-06-16 06:06

Mining

Mongolia's coal export earnings surged nearly five-fol in the first five months of the year.

Mongolian coal exports grow fivefold in 5 months. Mongolia's coal export earnings surged nearly fivefold in the first five months of the year with the country taking advantage of sanctions on North Korea to boost deliveries to China, its major customer reported Reuters citing official data. The rise in exports contributed to a 69.5-percent increase in Mongolia's foreign trade surplus, which hit $1 billion, said the country's statistics office. Mongolia became China's second biggest supplier of non-lignite coal in the first four months of this year with deliveries reaching a total of 11.7 million tonnes.