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Mongolia’s massive and low-cost coal reserves are well-positioned to serve seven nearby Chinese provinces with more than one billion tonnes of annual coal demand On 7 June 2012, Mongolian Mining Corporation (MMC) broke ground on a rail line that will link its Ukhaa Khudag (UHG) coking coal mine to the Chinese border crossing at Gashuun Sukhait (GS) and help move coal far more cheaply than the 400 trucks currently doing the job. MMC recognizes that China, which took 99% of Mongolia’s coking coal exports in 2011, is Mongolia’s best option for multi-million tonne per year thermal and coking coal exports. Low coal production costs can make Mongolian coal highly competitive in seven nearby Chinese provinces that consumed more than a billion tonnes of coal in 2010, according to official data.…