DISCUSSION ON “ELECTRONIC TRADING OF EXPORT COAL” ORGANIZED SUCCESSFULLY

Ulaanbaatar, March 1, 2023 /MONTSAME/.   To set actual market prices of coal and ensure accurate, and prompt delivery of trading information to sellers, buyers, and other participants, the discussion on “Electronic Trading of Export Coal” was held successfully at Premier Tuushin Hotel on February 27.

Within the “Procedure on Electronic Trading of Export Coal” framework approved by Resolution No. 466 of the Government of Mongolia, export coal that meets “Coal Classification MNS 6457:2022” will be traded in an open, transparent, and fair method. It will establish the prerequisites for fair market price determination and accurate and timely trading information delivery to all stakeholders, including buyers, sellers, and other parties.

The Minister of Mining and Heavy Industry J. Ganbaatar, the Head of National Committee for Port Revitalization Kh. Bulgantuya, Financial Regulatory Commission Deputy Chairman T. Tserenbadral, CEO of the Mongolian Stock Exchange Kh. Altai opened the discussion. The Director of the Business Development Department T. Khash-erdene presented the regulations and instructions for regulating coal trading.

Source:https://montsame.mn/en/read/313797