Welcome to our dedicated page for Mongolian Mining news (Ticker: MOGLF), a resource for investors and traders seeking the latest updates and insights on Mongolian Mining stock.
Mongolian Mining Corporation (MOGLF; HKEx: 975) regularly publishes news and announcements covering its coal, gold and metals operations in Mongolia. The company describes itself as the largest internationally listed private mining company with operations focused on and located in Mongolia, and as the largest producer and exporter of washed hard coking coal in the country. Its updates give investors and observers insight into operational performance, project development and corporate actions.
News items frequently include operational updates for its coking (metallurgical) coal segment, detailing run-of-mine coal output, processed coal volumes, washed coking coal production and sales, and product mix across washed hard coking coal, washed semi-soft coking coal and washed mid-ash semi-hard coking coal. These disclosures provide a view of activity at the Ukhaa Khudag and Baruun Naran open-pit mines in Umnugobi aimag.
The company also issues project and milestone announcements related to its gold and metals portfolio. Recent communications have covered construction progress, commissioning and the start of commercial gold production at the Bayan Khundii gold mine in Bayankhongor aimag, where the group holds a 50% equity interest through Erdene Mongol LLC. Updates may discuss processing plant completion, expected production capacity and sales of gold to the Bank of Mongolia and authorised commercial banks.
In addition, Mongolian Mining Corporation releases financial results and corporate announcements, such as interim and annual results, commentary on revenue and profitability drivers, and information on financing activities, including the redemption of senior notes. For anyone tracking MOGLF, this news page offers a central place to review these official disclosures and follow the company’s reported performance and project developments over time.
Mongolian Mining (MOGLF) has released its operational update for Q1 2025. The company, Mongolia's largest internationally listed private mining company, reported mixed results in its coking coal operations. Run-of-mine (ROM) coal mining output reached 3,673.4 thousand tonnes, showing a 3% year-over-year increase but remained flat quarter-on-quarter.
The company processed 3,749.5 kt of ROM coking coal, producing 2,110.0 kt of washed coking coal products (2% YoY decrease, 1% QoQ increase). Total sales reached 1,600.4 kt, comprising 1,079.4 kt of washed hard coking coal, 72.2 kt of washed semi-soft coking coal, and 448.7 kt of washed mid-ash semi-hard coking coal.
In gold operations, the company's 50% owned Bayan Khundii gold mine is 86.5% complete in construction, with production expected to commence in H2 2025. Additionally, MOGLF acquired a 50.5% stake in Universal Copper on March 11, 2025, expanding into copper and non-ferrous metals exploration.
Mongolian Mining (MMC), Mongolia's largest HCC producer and exporter, reported its FY2024 results with record-high revenue of USD1,039.9 million, slightly up from USD1,034.8 million in FY2023. The company sold 8.6 million tonnes of coal products, including 4.7 Mt of hard coking coal (HCC).
The average HCC selling price increased to USD168.4 per tonne from USD160.2 in 2023. The company achieved a gross profit of USD411.7 million, with profit attributable to shareholders holding steady at USD242.0 million.
The company reported progress on its diversification strategy, with its Bayan Khundii gold mine construction being 67% complete, targeting gold production commencement in H2 2025. MMC maintains its position as Mongolia's largest internationally listed private mining company, focusing on production scaling, infrastructure development, and portfolio diversification into gold, copper, and non-ferrous metals.