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
[Village Chronicle] Abandoning Superstition, Witchcraft: Why My Third Uncle Suddenly Gave up Pretending To Be Possessed ?
How a rural Chinese man lost his faith in superstiton and witchcraft.
On March 13, 2019, the South Korean Consul Baek Jae Yeon in Shanghai visited the Shanghai Christian Council & Municipal Three-Self Association.
On March 9, 2019, in Anqing, Anhui Province, believers from the city and Haikou county led by Pastor Zheng Yuguo, members of the Timothy fellowships, and volunteers visited Anqing's Zhengsheng Love and Care Service Centre to plant trees.
Chinese Pastors, Believers Mourn Death of Former Foreign Teacher of China’s National Theological Seminary
Recently several Chinese pastors and believers expressed their sorrow for a former foreign teacher of China's national theological seminary who died at the age of 79.
The visitation team including Lee Taeho, second Korean vice minister of foreign affairs, visited
Editor's Notes: On November 8, 2017, a 100-year celebration was held at the Manyun Christian Church in Jinghong City, Xishuangbanna, Yunnan Province. For commemorating the 100th anniversary of the introduction of the Gospel for this locality. A few days ago, the Manyun Christian Church published an article about the history and status quo of the church.
In this era of continuous development and progress in society, leprosy has become history. Only a few people know the existence of leprosy patients and occasionally visit them.
On February 22, 2019, local government officials of Nanjing came to investigate the publication of Nanjing Mochou Lu Church.
A Chinese translation version of "the best biography of Samuel Pollard" was published.
Dalian, located in the southernmost part of Northeast China, witnessed the complex situation in Northeast Asia spanning/from the late 19th century to the early 20th century.