Mongolian Mining Seals Decade-Long Deal with JIA

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

Mongolian Mining Corporation has finalized a significant deal with JIA, resulting in a continuing connected transaction following the sale of a 20% equity interest in KEX to JIA. Under the new Marketing Agreement, effective for ten years from the date of closure, Mongolian Mining will supply JIA with up to 17.5 million tonnes of coal products. The arrangement has been vetted by directors and an independent financial adviser, deeming it fair and in line with normal business practices, thus exempting it from certain regulatory requirements.

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