The "Black Gold" of Mongolia's South Gobi: Coal exports from the exchange reached 739,000 tons, increasing threefold compared to the previous month
Mongolia News Agency, Ulaanbaatar, September 11th. According to the government's No. 26 resolution passed on July 9th this year, an emergency regime has been implemented for the Erdenes Tovkhon Turquoise Mine company for a period of three months, and a team of government representatives has been dispatched to the company.
In the first half of this year, the monthly coal sales volume of the Erdenes Tovkhon Turquoise Mine company reached 1.7 million tons, but after implementing the emergency regime, coal sales in July and August increased to 2.7 million tons, which is 1.6 times the previous average. Among them, 26 auctions were held at the exchange in August, with a total transaction value of 116.6 million USD for 2.1 million tons of coal. Coal exports from the exchange reached 739,000 tons, which is three times higher than the previous month. During the implementation of the emergency regime, the coal transportation time was shortened by two to three times. Among the 29 contracts suspended in 2023 and 2024, 11 have been resolved and are currently being implemented.
U. Bimbaasuren, head of the government representative team stationed at the Erdenes Tovkhon Turquoise Mine company and deputy director of the government office, said that the government's No. 26 resolution passed in 2025 and the instructions given by the prime minister during his work inspection at the Erdenes Tovkhon Turquoise Mine company are being implemented. A plan has been formulated and is being implemented in four areas: mining, transportation, sales, and other activities. According to the results of the first two months before entering the emergency state, the average monthly sales increased by 1.6 times, the transport of exchange contracts increased by 1.5 times, and exports and income increased by 1.2 times and 1.3 times respectively. The factors that affected the entry into the emergency state have basically been eliminated.
Based on the report on the progress of the emergency state at the Erdenes Tovkhon Turquoise Mine company, the work carried out, and the achievements obtained, the participants issued instructions to U. Bimbaasuren, the head of the government representative team stationed at the Erdenes Tovkhon Turquoise Mine company, to stop the shipment of coal sold at high prices through the exchange, strengthen negotiations with buyers who do not fulfill their contract obligations, increase the exchange transactions and shipments, standardize the projects and plans implemented by the Erdenes Tovkhon Turquoise Mine company, and take necessary measures to create a favorable environment for the normal operation of the company.
Original: www.toutiao.com/article/1842951022272522/
Statement: This article represents the personal views of the author.