Mongolian Mining Corp. (MOGLF)

[mhsg]

Coal-rich Mongolia exported 14.31 million tonnes of coal over January-May, declining 5.12% from the previous year, showed data from the National Statistics Office of Mongolia.


During the same period, Mongolia produced 19.13 million tonnes of coal, down 6.97% year on year.


The country's coal output increased by 5.48% on the year to 4.36 million tonnes in May, showed the data.



Bloomberg reports 14.9Mt imported by China from Mongolia in the first 5 months of 2017. It reports 6.15Mt in Q1 2018 versus 8.15Mt in Q17. If 14.31Mt in 5 months that suggest over 8Mt in April and May combined. If that rate continues in June that is a 100% increase on Q1. If the border is efficient and MMC are using double trailer trucks their volume should be higher than a 100% up. That means 1.5Mt+ for the second quarter versus 650kt in Q1 is a possible/realistic/actual volume..