Mongolian Mining Corporation (MMC) reports Q1 2025 operational update

Mongolian Mining Corporation (MMC), the largest internationally listed private mining company in Mongolia, has released its unaudited operational update for the quarter ended March 31, 2025. The group operates in the southern and western regions of Mongolia, focusing on the exploration and development of coking coal, gold, copper, and other non-ferrous metals. Its key subsidiaries include Energy Resources LLC (ER), which operates the Ukhaa Khudag coking coal mine, and Khangad Exploration LLC (KEX), the majority owner of the Baruun Naran (BN) coking coal mine, both located in Umnugobi Province.

During the first quarter, the group’s combined run-of-mine (ROM) coal production from the UHG and BN mines totaled 3.6734 million tons (Mt), marking a three percent increase year-on-year and remaining consistent with the previous quarter. A total of 3.7495 Mt of ROM coal was processed, producing 2.1100 Mt of washed coking coal products, which represents a two percent decline compared to the same period in 2024. ER and KEX jointly sold 1.6004 Mt of washed coking coal during the quarter, including 1.0794 Mt of washed hard coking coal, 72.2 thousand tons of washed semi-soft coking coal, and 448.7 thousand tons of washed mid-ash semi-hard coking coal.

In addition to its coal operations, MMC holds a 50 percent equity interest in Erdenes Mongol LLC, which is currently developing the Bayan Khundii (BKH) gold mine in Bayankhongor Province. Gold production from BKH is expected to commence in the second half of 2025. The group continued to make progress on construction and development activities at the site during the quarter.     

Source: www.bernama.com