Mongolia Coal Exports Decline 20% in First Nine Months

October 14 08:36 2013 Print This Article

Bloomberg.com  2013-10-11

By Michael Kohn
Mongolia exported 11.38m tons of
coal in the first nine months compared with 14.29m tons a year
earlier, according to the National Statistics Office.
* The value of the coal exports fell to $783.94m in the first
nine months from $1.43b a year earlier, a drop of 45%,
according to the agency.
* Coal is the nation’s biggest export
* Mongolia’s copper concentrate exports rose to $679.6m from
$626.8m a year earlier
* By volume, copper concentrate exports increased to 469,200
tons from 426,803 tons a year earlier
* That increase in copper shipments follows the start of
commercial production at the Oyu Tolgoi copper and gold mine
in July.
* Mongolia’s total exports fell to $3.09b for the first nine
months of this year compared to $3.23 a year earlier,
according to the agency
* Total imports fell to $4.82b from $5.24b a year earlier
* Mongolia’s exports to China, its biggest trading partner,
totaled $2.66b in the first nine months, compared with
$3.01b a year earlier, according to the agency
* By value, the second largest amount of exports from Mongolia
went to the U.K., which purchased $154.4m of goods in the
first nine months, compared with $8.4m a year earlier
* At the end of September, non-performing loans in the banking
sector reached 537.2b tugrik, an increase of 15.6% compared
to the previous month and an increase 75.4% from a year
earlier, according to the agency.
* Mongolia exported $478m of iron ore in the first nine
months, compared to $382m a year earlier, according to the
agency.
* By volume, Mongolia exported 4.68m tons of iron ore compared
to 4.62m tons a year earlier, according to the agency.
* Mongolia’s gold exports rose to $245.9m in the first nine
months from $70.6m a year earlier
* By volumne, Mongolia exported 6 tons of gold compared with
1.6 tons a year earlier, according to the agency.
* Oil exports rose to 3.5m barrels in the first nine months
compared to 2.4m barrels a year earlier, according to the
agency

 

To contact the reporter on this story:
Michael Kohn in Ulaanbaatar at +65-6212-1000 or
mkohn5@bloomberg.net

To contact the editor responsible for this story:
John Liu at +86-10-6649-7565 or
jliu42@bloomberg.net

  Article "tagged" as:
  Categories:
view more articles

About Article Author

Saranchimeg Enkhee
Saranchimeg Enkhee

View More Articles
write a comment

0 Comments

No Comments Yet!

You can be the one to start a conversation.

Add a Comment

Your data will be safe! Your e-mail address will not be published. Also other data will not be shared with third person.
All fields are required.