Mongolia to Develop Coal Rail Link to China
By Mei Manuel, November 09, 2018 19:11 PM
On Thursday, a Mongolian official reveals to Reuters that the government is currently working on a plan that would open a railway from its Tavan Tolgoi coal project to the Chinese border by 2021.
According to the Chief Investment Officer of the state firm handling the project, Samdandoj Ashidmunkh, the rail link from Tavan Tolgoi will be able to transport 30 million tonnes of coal every year to China.
It is expected that the link will be finished within two years of an overseas initial public offering of stock in Tavan Tolgoi scheduled in the beginning of 2019 as explained by Ashidmunkh during a forum in Shanghai regarding Chinese and Mongolian cooperation in mining.
Mongolia believes that demand for high quality coking coal from China's steel industry will increase. However, analysts from China say that steel production is close to its peak and may fall anytime soon.
Tavan Tolgoi is currently the world's largest undeveloped coking coal mine with at least 7.4 billion tons of reserves.
Originally, a thermal power plant was included in the project and it would supply Rio Tinto's Oyu Tolgoi copper mine.
However, Mongolia does not have access to funds and the project in Rio Tinto was postponed.
Ashidmunkh said the government still plans to build a power plant at Tavan Tolgoi.
"It would be too much to have two power plants (in the region). Even if (Oyu Tolgoi) built its own power plant they will still need to purchase our coal," he said.
Analysts attending the forum expressed scepticism about Mongolia's ambitions, saying the cost for logistics would reduce Mongolian coal's competitiveness in the market and demand can weaken.
"China and Mongolia are greatly divided in the perception of coal resources at present," said Chang Yijun, chief analyst with the consultancy Fenwei Energy.
Mongolian coal would only be competitive in southern China, where more imports were required, he said.
More from CCD
In different places, there are many Christians who, in different ways, are trying to live out the truth of "a kernel of wheat."
A delegation, including the leader of YAPUN, visited a Bible printing facility in China.
Donations to People Hit Hard by “3.21” Explosion.
An Artifacts display by Chinese Catholic artists in Beijing collected from the Vatican.
Mercy Field Home is a children's charity that was established on June 1, 2000, through donations.
The Lisboa Hotel houses within it, at one time, the largest gambling casino in Macau-the Casino Lisboa, which continues to be one of the iconic structures in the city that represents Macau.
From a cognitive point of view, the falsehood of "New Heaven and Earth" is obvious, but why can such obvious heresy still have such a serious impact on Chinese church?
Elder Wang Jianhua, vice-chairman of the Shanghai Three-Self Patriotic Movement and Rev. He Zhihui, in charge of the English fellowship in Hongqiao, received the "Humanitarian Award" of the Shanghai Red Cross.
An account of a modern female Chinese Christian writer, her independence, her truthfulness and practice
Commemorating May Fourth Movement's 100th Anniversary: Christians Today Should Talk Less About Doctrine and More About Practical Issues
In Christianity, overemphasizing doctrine and glazing over issues, especially amongst college students who have just embarked on society, is particularly common and can be misleading to many.