Mongolian Mining Reports Strong Quarter

Mongolian Mining (HK:0975) has released an update.

Mongolian Mining Corporation reports a robust performance in the second quarter of 2024 with a 16% year-on-year and 34% quarter-on-quarter increase in run-of-mine coal mining output, alongside a significant surge in sales of washed coking coal products. The Group has strategically added washed semi-hard coking coal to its product mix, which contributed to a 47% year-on-year increase in sales. These changes have positively impacted the company’s revenue and cost structure, evidenced by strong sales growth in the first half of 2024.

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