ID :
222772
Wed, 01/11/2012 - 16:43
Auther :

WHAT SAYS FRONTIER SECURITIES SURVEY

Ulaanbaatar, Mongolia /MONTSAME/ A survey shows that the coal export of Mongolia is expected to reach USD 2.75 billion by the year 2012. This survey has been conducted by the Frontier Securities financial firm. "Mongolia is expected to export 30 million tons coal this year," it says. The Frontier Securities also expects that the copper export of Mongolia will reach USD one billion, and export of iron ore will reach eight million tons costing USD 500 million. It means that the export of copper export will be at a constant level, whereas the export of iron ore will increase by about 10 per cent. The World Bank and the International Monetary Bank have calculated that the economic growth of Mongolia will reach 15.1 per cent, and the inflation rate will reach 17 per cent. B.Khuder

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