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Mongolian Mining ( (HK:0975) ) has issued an announcement.
Mongolian Mining Corporation reported a significant increase in its coal production and sales for the quarter ended 31 December 2024. The company mined 16.3 million tonnes of run-of-mine coal, processed 15.4 million tonnes to produce 8.4 million tonnes of washed coking coal, and sold 7.9 million tonnes of these products, marking respective increases of 12%, 25%, and 18% from the previous year. This growth underscores the company’s strong position in the Mongolian coal market and its capability to enhance production efficiency and sales performance, benefiting stakeholders and reinforcing its competitiveness in the industry.
More about Mongolian Mining
Mongolian Mining Corporation is the largest producer and exporter of washed coking coal products in Mongolia. It operates the Ukhaa Khudag and Baruun Naran coking coal mines through its subsidiaries, Energy Resources LLC and Khangad Exploration LLC, respectively. Additionally, its subsidiary Erdene Mongol LLC is developing the Bayan Khundii gold mine, expected to commence production in the second half of 2025.
YTD Price Performance: -3.33%
Average Trading Volume: 2,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $918.7M
Learn more about 0975 stock on TipRanks’ Stock Analysis page.
