Javkhlan. I, Chief Operating Officer of Mongolian Stock Exchange, participated in the 4th "The Coal Market Outlook" forum organized by the BigMint Agency of the Republic of India on August 22-23, 2024 in the Republic of India. Javkhlan. I introduced the Mongolian coal market, exchange trading and participated in the discussion about the possibility of exporting coal to the Republic of India.

The Republic of India, ranked 5th in terms of GDP and 2nd in terms of steel production in the world, produced 144 million tons of steel in 2024, and by 2030, this figure is expected to increase by 47%. In this regard, the country's coking coal consumption is expected to increase by 50% to 117 million tons by 2030, and 95% of it will need to be imported, according to the BigMint research agency.

The Republic of India imported total of 70 million tons of coking coal in 2023, 55% from Australia, 21% from Russia, 11% from the United States, 4% from Canada, 4% from Indonesia, and 2% from Mozambique. The country is actively looking for opportunities to import coal from Mongolia in order to maintain stable prices and quantities of imported coal and reduce dependence on importing countries.

During the event, Javkhlan. I, Chief Operating Officer of Mongolian Stock Exchange, presented the possibility of purchasing coking coal through the exchange, the conditions of post-trade transportation, the port, railway and related infrastructure reforms and projects implemented within the framework of the "New Revival Policy".

MONGOLIAN STOCK EXCHANGE