Mongolia stakes on sustaining Chinese coal demand, Bloomberg quotes Battsengel Gotov (Mongolia Mining Corp., CEO). Export to China will boost Mongolian mining industry.
Last year, Mongolia outreached Australia as the biggest coal importer to China delivering 20-m-t of coking coal. Currently, MMC set out to build 250-km railroad at $800 m cost to add another 30-m-t to its annual export capacity.