Last week, a 34.5 km railroad from Bold Tumur Eruu Gol’s Tumurtei mine to Khandgait Station was commissioned. Prior to the opening of the new railroad, the company had been transporting their ore by truck along a 20 km road to be transferred to a train car. In 2011, the company exported 98,000 tons of iron ore. At that time, the price of iron ore stood at 137 USD per ton, while the price has since dropped to 36 USD per ton in the global market. The company underlined that despite Mongolia’s economic crisis delaying the company’s development, it has now moved forward to complete this project. Company representatives said that a construction team from Ulaanbaatar Railway completed earthwork for the railroad within one year, and they finished railroad construction in three months.