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China, Mongolia to expand coal trade, sign more long-term contracts www.sxcoal.com

China and Mongolia agreed during Mongolian President Ukhnaagiin Khurelsukh's visit to China during November 27-28 to support companies in the two nations to expand coal and iron ore trades and sign medium- and long-term coal contracts.
Cooperation in areas such as trade, investment, finance, mineral energy, infrastructure, digital economy, and green development will be further expanded.
Specifically, the two nations will take energy cooperation as one of the priority directions of China-Mongolia cooperation, promoting the development of large-scale infrastructure and energy resources projects and accelerating the construction of the planned cross-border railways.
The two sides agreed to promote new freight equipment and technology at the border ports, and effectively improve the ability of customs clearance capacity. Construction of the China-Mongolia Erenhot-Zamin Uud Economic Cooperation Zone will be also encouraged, according to the meeting.
Besides, Mongolia and China will work with Russia together to intensify efforts to promote the construction of the China-Mongolia-Russia Economic Corridor and to accelerate the upgrading and development of the middle-line railway of the corridor. The laying project of China-Russia natural gas pipeline transiting through Mongolia will also be actively promoted.
(Writing by Emma Yang Editing by Tammy Yang)
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Published Date:2022-12-01