The First Thermal Coal E-Auction HeldEconomy
Ulaanbaatar, March 27, 2023 /MONTSAME/. According to the Mongolian Stock Exchange, "Erdenes Tavantolgoi" JSC's first thermal coal e-auction was organized on March 24. During the trade, 15 lots or 96,000 tons of thermal coal were traded and the price increased by 7.32 percent, from USD 68.30 to USD 73.30.
"Erdenes Tavantolgoi" JSC used to sell coal at a mine-mouth price of USD 9.5 in 2020, while on March 24, 2023, they managed to sell at an ex-border price of USD 73.30.