Forum on Tavantolgoi deposit held - News.MN

Forum on Tavantolgoi deposit held

Old News! Published on: 2011.08.19

Forum on Tavantolgoi deposit held

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Мөнгөнтамир
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A forum on the development of the Tavantolgoi coal deposit was held at the Civil Hall at the Presidential Office in Ulaanbaatar on Thursday. Mongolia has been shipping coal from Tavantolgoi to China for three weeks. During the discussion, some experts said Mongolia was selling the coal too cheaply. Mongolia sells the coal to China for USD 70 per ton. They say Mongolia’s profit is only USD 10 per ton. 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 a draft resolution in Parliament, each Mongolian is to receive 536 shares of Tavantolgoi.
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