Mongolia to export anthracite to China

Asian Metal: Hi Mr. Tuvshin.B, thank you for accepting the interview with Asian Metal. Firstly, please give us a brief introduction of your company.

Mr. Tuvshin.B: Our company was founded in 2009 and mainly does business on iron and coal. We own an iron mine with an annual capacity of 4 million tons, and basically export iron ore to Xinjiang and Gansu, China. We are exploiting an anthracite mine of 5 million tons and will export to China via Mandula port.

Asian Metal: Please simply introduce the current production and sales situation of anthracite.

Mr. Tuvshin.B: We have already started to exploit since last month and sold about 3,000t to China. We are doing market research now and will export large quantities of the material to China.

Asian Metal: Please tell us about your company’s index for anthracite.

Mr. Tuvshin.B: We acquire quite good index with calorific value at about 7,500 kilocalorie, and ash, volatile and sulfur content at about 8, 8 and 0.6 respectively.

Asian Metal: Where is your anthracite mainly sold?

Mr. Tuvshin.B: We mainly sell it to Inner Mongolia, otherwise we consider Hebei and Northeast China.

Asian Metal: China imports more than 25 million tons of anthracite per year, which means great demand for the material. And what is your sales target this year?

Mr. Tuvshin.B: We have learnt that the demand from China is quite inviting and also learnt that China has stopped importing the material from North Korea, which is a great chance for us. And we plan to export 1.2 million tons of anthracite to China this year.

Asian Metal: You own high grade anthracite, and what’s your requirement for the cooperative corporations?

Mr. Tuvshin.B: We are inclined to cooperate with steel plants and also would like to cooperate with reliable trade companies.

Asian Metal: Do you have any specific requirement on payment terms?

Mr. Tuvshin.B: We hope our customers to provide prepayment, and in that case we can offer favorable price. At the same time, we are able to accept L/C.

Asia Metal: Thank you once again for accepting the interview with us. Wish your company a better future!