China watches as a massive coking coal mine commissions next door

Chinese buyers and consumers of coking coal have another overseas source to add to their supply chain, one that is massive and conveniently located in neighboring Mongolia that could have the potential to disrupt the present market structure though not in the short term.

On June 20 before ranks of dignitaries including Mongolia's prime minister, Uchral Nyam-Osor and a line of massive coal trucks, operations officially commenced at the Borteeg coal mine, a key deposit within Mongolia's giant Tavan Tolgoi coalfield in southern Mongolia, one of the world's largest undeveloped coking coal resources. During