Despite the line wipes my guess is patto’s are still loading up the offer in typical craptacular style.
AKM’s Northern Railway will be a major connecting link between Europe and Asia and ultimately the main trade corridor between Russia and China.
The 40% reduced rail haulage from Russia to China via the Northern Railway is key here - worth crunching the numbers on AKM’s recent rail tariffs and the cost savings this equates to via the Northern Railway line compared to utilising existing rail networks. For example, rail tarrif savings alone for the 4 Russian coal mines close to Western Mongolia imo would cover capex costs of the Northern Railway line within 2-3 years...
DYOR
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Putting the Spotlight on AKM in Mongolia, page-1276
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