• Зурхай

Erdenes Tavan Tolgoi coal exports suspended

2013 оны 1 сарын 14

Erdenes TT failed to pay service fees to the Altangovi company that is in charge of the coal transport loading facility area in Tsagaan khad that is linked to the coal border crossing point Gashuunshukhait. Therefore coal transport is suspended temporally.

According to an official source the coal loading and transporting operation has been suspended since last Friday. Due to this suspension the transportation companies have come to a standstill meaning some of them had no choice but to protest against it.

A source said that Erdenes TT coal transport suspension has also affected China causing its transport to come to a standstill too.

The so called reformist Government is in negotiations to bailout Erdenes TT for 200 million US dollar via the Development Bank of Mongolia, but the bailout process is slow.  If the Government does not bailout the project coal exports by Erdenes TT could potentially be halted for an extended period.

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