Mongolian specialists have predicted coal exports will be 24 million tonnes.

According to the National Statistics Office, coal accounts for 45% of all exports and earns about USD 2 billion annually.

Frontier Securities also estimated Mongolia copper export revenue at USD 1 billion and iron ore at 8 million tonnes and USD 500 million. In those numbers hold up, copper exports will be the same as in 2011 while iron ore will increase by 10%.

According to the World Bank and International Monetary Fund, economic growth in Mongolia will be 15.1% and inflation will reach 17%.

(Sourced from www.mad-mongolia.com)