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Mongolia sets up commodity exchange to fight 'coal theft'

Mongolia has taken its "first step" in cracking down on alleged corruption in its coal sector by passing a law requiring state-owned enterprises to trade export commodities, such as coal, copper, and iron ore, on a new mining commodity exchange, the government said in a statement.

Nathan Richardson
The Oyu Tolgoi copper mine

The Oyu Tolgoi copper mine

"I welcome the passage of this new law, which represents a crucial step in the Government's fight against corruption in the coal industry," Mongolia's deputy minister of mining and heavy industry, Batnairamdal...

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