Mongolian Mining Corp.: A High Profit Margin Play With Room To Grow - Seeking Alpha: "Mongolia is a small country rich in natural resources. When it comes to coal, the country is ranked fairly high among coal producers, with estimated coal deposits of up to 152 billion tonnes. Coking coal accounts for about 35 percent of the country's coal deposits.
Source: Various sources, including Global Investment Strategist
Three years ago, China became a net coking coal importer and currently imports around 45 million metric tonnes of coking coal per year. The substantial increase in China's steel production has stoked the Middle Kingdom's demand for this vital raw material."
'via Blog this'
