Mongolian Mining Company Says Copper Exports Have Dropped Due to China Border Restrictions
Oyu Tolgoi said truck convoys fell to three or four a day as border processing slowed during infrastructure and technology upgrades, cutting exports sharply.
- On Thursday, Oyu Tolgoi LLC reported that copper concentrate exports to China have fallen by about 70% in the past two weeks, with truck convoys dropping from 13–15 daily to just three or four.
- Mongolian border officials attributed the slowdown to infrastructure and facial recognition upgrades at the Ganqimaodu Border Port, with work originally due to end by late September now potentially extending through December.
- The company estimates export cuts represent a decline of about $300 million compared to normal operating conditions, while coal exports through Gashuunsukhait Border Port have fallen to just over 1,000 vehicles daily.
- Minister of Road and Transport Delgersaikhan Borkhuu stated all transport routes remain open with no known political reasons for restrictions; Mongolian Finance Minister Mendsaikhan Zagdjav instructed Cabinet ministers to meet Chinese authorities.
- With 89.4% of total exports going to China, Mongolia faces potential revenue losses reaching $1.2 billion if restrictions continue through year-end, as mining accounts for roughly a quarter of the nation's GDP.
20 Articles
20 Articles
The Toronto Star
Mongolian mining company says copper exports have dropped due to China border restrictions
ULAANBAATAR, Mongolia (AP) — The operator of one of Mongolia’s largest copper mines says its exports of copper concentrate to China have dropped by about 70% in the past two
Mongolian mining company says copper exports have dropped due to China border restrictions – WTOP News
ULAANBAATAR, Mongolia (AP) — The operator of one of Mongolia’s largest copper mines says its exports of copper concentrate to China have dropped by about 70% in the past two weeks due to restrictions at a border crossing. The disruption has raised concerns over potential revenue losses and disruptions to Mongolia’s massive mineral sector. Oyu...
The operator of one of Mongolia ' s largest copper deposits reported that, owing to border crossing restrictions, exports of copper concentrate to China have declined in the last two weeks about...
The operator of one of Mongolia's largest copper mines said Thursday that its exports of copper concentrate to China have fallen by about 70% in the last two weeks due to restrictions at a border crossing.
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