Mongolia has increased its railway transport fares by 20-50% from November 1 after Ulaanbaatar Railway's proposals were accepted by the State Board of Trade and Industry, Mongolia's Medee reported.
Transportation tariffs on coal exports have increased by 20%, copper and zinc concentrates exports 20%, iron ore exports 15% and fluorspar exports 15% starting from November 1.
Besides, local and national passenger transportation fares have also increased by 50%, according to Medee.
Mongolia is also about to raise energy prices of enterprises as the sector is in a difficult situation, although the specific schedule has yet to be finalized.
The working capital needed by coal mines reaches 109 billion MNT, according to energy minister Choijilsuren Battogtokh.
The household electricity and heating price will not increase, but for enterprises, power prices within 500 TWh will increase 14% and prices of power exceeded 500 TWh will increase by 38%, according to Gogo Mongolia.
(Writing by Emma Yang Editing by Tammy Yang)
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