The 3rd“Coal Mongolia” is an International Conference and Exhibition for Coal Investors took place on February 21-22 in Ulaanbaatar city, Mongolia.
The primary objectives of this conference are to bring International Investors into the coal sector of Mongolia; to introduce the most advanced, environmentally friendly technologies in coal mining sector; to create a mutually beneficial partnership that will strengthen Mongolia’s competitiveness in Asian region.
The event brought together representatives from over ten countries such as China, Australia, Canada, Germany and Russia; and domestic and foreign some 700 delegates. World famous mining companies have introduced their latest and progressive techniques and technologies, products and services.
Mongolia that is considered to have resource of over 170 billion tons coal already has attracted attention of the world countries. At a national scale, some 300 deposits and detections have been discovered in 15 basins. As of today, Mongolia is ranked first 10 places by the coal resource; and first place by the coal reserve per capita. Thus, the coal is one of the competitive spheres of Mongolia.
Mongolia now faces a big challenge to fruitfully exploit its coal reserve which plays an important role in its economic development. It is required to make world standard processing of coal and to implement the newest policies on transportation and logistics such as on railways in order to sell coal with a price which is equal at the world market in frames of the policy on the sector.
In the year 2012, Mongolia exploited 31.1 million tons coal and exported 20.5 million tons, and it is projected that this size will increase by 3-4 times by 2025. As of present, about 60 companies dominated by state and local properties with foreign investments are exploring and selling coal in Mongolia. Moreover, the number of domestic and foreign investors for this sector is expected to augment. So, the government of Mongolia has expressed its intention to make a policy on giving equal and fair opportunities of laws and business to them.