Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

Washing plant has been busy....:

Ganqimaodu Jan coal imports soar 185pct on yr
2017-02-10 09:35:00

Ganqimaodu border crossing in northern China's Inner Mongolia autonomous region imported 1.45 million tonnes of coal from neighboring Mongolia in January, soaring 185.04% year on year, said the local media.


Coal sales at the border crossing stood at 1.28 million tonnes in January, increasing 45.03% year on year.


The coal stockpiles at the border crossing were 1.29 million tonnes by end-January, a year-on-year decrease of 47.33%.


With Mongolian washed coking coal traded at the border crossing has been stable at some 1,000 yuan/t since January, as much as 37 enterprises were engaged in coal import business at the border crossing.


Ganqimaodu borders resourceful Mongolia, whose Tavan Tolgoi coal mine has coal reserves of 6.4 billion tonnes, with primary coking coal at 1.8 billion tonnes and thermal coal at 4.6 million tonnes. The border crossing has been an important hub of coal trades between the two countries since its opening in 2009.

ref: http://www.sxcoal.com/news/4552143/info/en