Mongolian Mining’s Output Up Despite Market Softness

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

Mongolian Mining Corporation reports a 23% year-on-year increase in run-of-mine coal output, reaching 4,298.9 thousand tonnes for Q3 2024, with a 16% rise in washed coking coal sales compared to the same period last year. However, the quarter also saw a 10% decrease in production and a 12% drop in sales compared to Q2 2024. The company is also progressing with its gold and metals operations, with the Bayan Khundii gold mine’s construction over halfway complete.

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