Compelling political play here with China having first right of refusal with regard to railway funding. Key points include:
* Russia agreeing to upgrade the Trans Mongolian railway line - Central Line
* Russia building their own railway line towards Mongolia to service 5 massive coal mines with product destined for China
* Russia potentialy save 1250km in distance haulage utilising AKM’s Northern Railway compared to using existing rail networks from these 5 coal mines - rail tariff savings alone for Russia would pay back Northern Railway capex costs within 2 years
* Rail consessions recently announced for Mongolian export markets through Russia
* China being able to offset coking coal costs with rail tariffs on imported coal as a part owner of the Northern Railway whilst avoiding sea freight costs from other international markets
* China having a controlling stake in regional coking coal prices via Northern Rail tariffs to offset coal exports in particular from these 5 Russian owned mines
* China not agreeing to fund the Northern Railway will hand over all control to Russia with regard to regional coking coal pricing
DYOR
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