Energy Resources LLC and China Energy agree 2026 coal trade volumes and market pricing principles
A delegation from Energy Resources led by President D. Enkhbat and Vice-President T.
Tuvshinbayar took part in the International Import Expo held annually in Shanghai, China. As is now customary, the delegation attended the foreign partners’ event of the China Energy group and, under the two companies’ long-term strategic cooperation, agreed to supply up to 4.9 million tonnes of washed coking coal and 1.0 million tonnes of washed semi-soft coking coal next year at market prices, signing and formalising a sub-agreement.
In 2018 Energy Resources LLC signed a ten-year strategic cooperation agreement with China Energy’s coal and coke company, setting out the direction and scope of cooperation in coal trade and transport logistics.
Within this framework, the Chiheng coal transhipment and bonded warehouse facility at the Gantsmod border crossing in China was built through joint investment by both sides and commissioned in 2021. The facility has a container unloading yard and five coal bunkers, is based on advanced modern technology and operates with capacity to receive 7.0 million tonnes of coal a year.
Both sides expressed their satisfaction with the cooperation, attached great importance to it, and agreed to continue exploring opportunities to expand its scope. Once China Energy successfully completes the Gashuunsukhait–Gantsmod cross-border railway project started this year, conditions will be in place for the scope of cooperation between the two sides to grow.
