Mongolian Mining Corporation (Mongolian Mining Corporation) announced its latest unaudited operating data for the quarter ended September 30, 2024, showing that the total raw coal mining volume at the UHG and BN coal mines in Mongolia reached 4,298.9 thousand tons, a 23% year-on-year increase, but a 10% decrease from the previous quarter. The processed raw coal volume for the quarter was 3,658.7 thousand tons, producing 1,928.9 thousand tons of washed coal products, consistent with the same period last year. In terms of sales volume, the company sold 2,031.4 thousand tons of washed coal products, a 16% year-on-year increase, but a 12% decrease from the previous quarter. Due to the weak steel industry in China, the overall condition of the coal market is poor, leading to a...Show More

Mongolian Mining Corporation (Mongolian Mining Corporation) announced its latest unaudited operating data for the quarter ended September 30, 2024, showing that the total raw coal mining volume at the UHG and BN coal mines in Mongolia reached 4,298.9 thousand tons, a 23% year-on-year increase, but a 10% decrease from the previous quarter. The processed raw coal volume for the quarter was 3,658.7 thousand tons, producing 1,928.9 thousand tons of washed coal products, consistent with the same period last year. In terms of sales volume, the company sold 2,031.4 thousand tons of washed coal products, a 16% year-on-year increase, but a 12% decrease from the previous quarter. Due to the weak steel industry in China, the overall condition of the coal market is poor, leading to a decrease in the quantity of hard coking coal auctioned by the company through the Mongolian Stock Exchange. In addition, the subsidiary Erdene Mongol LLC, in which the company holds a 50% stake, is expected to commence commercial production of the Bayan Khundii gold mine in 2025. The board of directors emphasizes that the disclosed operating data should not be considered as a forecast or guarantee of future operating conditions and reminds investors to pay attention to related investment risks.