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Mongolia's ETT to steadily export thermal coal and semi-soft coking coal www.sxcoal.com
Erdenes Tavan Tolgoi JSC, a major coal producer and exporter in Mongolia, said it is actively seeking stable markets for thermal coal and semi-soft coking coal alongside high-quality coking coal,, with a specific focus on expanding sales of thermal coal in 2023, local media reported.
The company exported a total of 11 million tonnes of coal during January-May. Mongolia accounted for 49% of China's coking coal imports, with Erdenes Tavan Tolgoi capturing a substantial 43% share of Mongolia's coal offtakes, it said.
The company achieved remarkable success through 18 online transactions, selling a million tonnes of coal and generating revenues of $126.7 million, marking an increase of $37.7 million.
Specifically, 576,000 tonnes exported by the company were coking coal, 352,000 tonnes were thermal coal, and 96,000 tonnes were classified as semi-soft coking coal.
The company, which planned to sell 23 million tonnes of coal this year, is striving to reach 30 million tonnes of coal sales.
(Writing by Emma Yang Editing by Harry Huo)
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Published Date:2023-06-19
