Inner Mongolia Coal Exchange Center to start trading

The Inner Mongolia Coal Exchange Center is scheduled to start trading operations at the end of February this year, according to Chinese newspaper Daily Economic News. The trading volume of coal at the new center is expected to exceed 200 million mt by the end of 2012, totaling an estimated RMB 120 billion ($19 billion) in value. Meanwhile, in the same period the center is expected to generate tax revenues of RMB 20 billion ($3.17 billion). Year-on-year increases of 20 percent are foreseen in the trading volume in coming years.