Mongolia will have a better chance of regaining its position as the top exporter of coal used to smelt steel in China after a railway is completed in late 2015, according to the chief executive of Mongolian Mining. “Competitiveness of Mongolian coal is strongest in the China market due to its geographical proximity, but it has been hampered by the major obstacle of transportation,” said Battsengel Gotov. “With the expected completion of a railway by the end of 2015, Mongolia will make a comeback.” Gotov made the comment, according to the South China Morning Post, after the company posted a net loss of $25.2 million for the first half of the year, against a profit of $31 million a year earlier, due to lower coal prices and higher finance costs.

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