Mongolia's selling price of coal to China too low: experts

Experts are complaining that Mongolia was selling the coal too cheaply to China during the Tavantolgoi forum held at the Civil Hall at the Presidential Office in Ulaanbaatar. At $US 70 per ton, they say Mongolia’s profit is only USD 10 per ton.

Mongolia has been shipping coal from Tavantolgoi to China for three weeks.

An official with the national security council said the Government should focus on water and energy issues while developing Tavantolgoi, because, if Mongolia is unable to provide water and energy from domestic sources, it will affect the nation’s economic security.

According to Dr. Purevbaatar, State Honoured Economist, the deal is not beneficial to Mongolia since 50 or more percent should by the country and not by China or Russia.