Mongolian Mining Corporation announced that the investment agreement for the purchase of shares in Erdene Mongol LLC at a total cost of US$40 million, previously submitted on January 11, 2023, was completed on the date of the announcement and officially entered into force. Mongolian Coal through its wholly-owned subsidiary Mongolian Mining Corporation Pte. Ltd., which now holds a 50% shareholding in Erdene Mongol LLC, making the latter a subsidiary of Mongolian Jiu Coal.

Mongolian Mining Corporation announced that the investment agreement for the purchase of shares in Erdene Mongol LLC at a total cost of US$40 million, previously submitted on January 11, 2023, was completed on the date of the announcement and officially entered into force. Mongolian Coal through its wholly-owned subsidiary Mongolian Mining Corporation Pte. Ltd., which now holds a 50% shareholding in Erdene Mongol LLC, making the latter a subsidiary of Mongolian Jiu Coal.