Mongolia’s Erdenes TT Halts Coal Exports to Biggest Buyer China
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Erdenes Tavan Tolgoi LLC, Mongolia’s largest-state owned coal company, halted deliveries to China after failing to pay a company that provides logistical support amid a cash crunch, its chief executive officer said.
Exports to customers including Aluminum Corp. of China Ltd. stopped on Jan. 11 as Erdenes TT couldn’t pay Altangovi, said Yaichil Batsuuri, who has led the company since October. Altangovi provides warehousing services at the border with China, the biggest buyer of Mongolia’s steelmaking coal.