HONG KONG, Aug 29 (Bernama-GLOBE NEWSWIRE) —Mongolian Mining Corporation (“MMC” or the “Company”, or together with its subsidiaries, the “Group”; HKEx: 975; OTCQX: MOGLF), the largest producer and exporter of washed hard coking coal (“HCC”) in Mongolia, today announced its interim results for the six months ended 30 June 2025 (“1H2025” or the “period under review”).
During 1H2025, the Group generated a total revenue of approximately USD346.6 million (1H24: USD541.1 million), representing approximately 35.9% year-on-year decrease. The Group sold approximately 4.2 million tonnes (“Mt”) of washed coal products, comprising 3.3 Mt of primary products and 0.9 Mt of secondary products. As such, sales volume remained at similar levels compared to the first half of 2024, however, the revenue declined as average selling prices (“ASP”) softened due to weaker market sentiment during the period under review.