As of the first eight months of this year, the net profit increased by 9.0 (3.3 times) trillion MNT.
As of the first 8 months of 2023, 42,640.5 thousand tons of coal worth 5,823.4 million US dollars were exported, which is an increase of 1,957.3 million US dollars or 50.6 percent in terms of value and 27,770.0 thousand tons or 2.9 times in physical volume compared to the same period last year.
99.2 percent of coal is exported to China, 0.5 percent to Singapore, and 0.3 percent to South Korea. Then, the coal demand of China, the largest exporter of our country, was 4.0 billion tons in 2022, and it is expected to steadily increase to 6.0 billion tons in 2030-2035.
Source: mongolianminingjournal.com
