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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.

Mongolia sets up commodity exchange to fight 'coal theft' Mongolia sets up commodity exchange to fight 'coal theft' Mongolia sets up commodity exchange to fight 'coal theft' Mongolia sets up commodity exchange to fight 'coal theft' Mongolia sets up commodity exchange to fight 'coal theft'

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,