Mongolian Mining Corporation (“MMC” or the “Company”; SEHK Stock Code: 975) is a high-quality coking coal producer and exporter in Mongolia. The Company owns and operates two open-pit coking coal mines – Ukhaa Khudag and Baruun Naran, both located in Umnugobi aimag of Mongolia. MMC’s operations have grown rapidly from a green-field project in 2009 to a world-standard mining complex to date. With its premium quality coal products, international standard project development and effective management practices, the Company is the largest producer and exporter of washed coking coal in Mongolia. In 2010, after only one year of fast-paced operations, the Company was successfully listed on the main board of Hong Kong Stock Exchange, making it the first Mongolian company to offer its shares internationally.

With integrated coal mining operations combined with leading edge technologies, MMC was able to reach the quickest ramp-up of mining operations in the country based on the best international practices. Located adjacent to the Chinese border and the target market region, MMC has a competitive cost structure and a strategic advantage to compete at the world market.

The company has continually maintained loyal to its objective mission of conducting safe and profitable mining and processing of natural resources while fostering Mongolian development through the use of modern technology and human endeavor.

MMC is constantly striving to reduce the environmental impact of our activities and complies with all relevant environmental standards while taking further measures to prevent and mitigate potential environmental harm. It is committed to mining operations that are socially responsible and began supporting social development through community development initiatives and other programs. MMC, as a responsible employer, provides equal employment opportunities in a meritocratic workplace and fosters mutually beneficial relationships with our suppliers/contractors while cultivating and maintaining client connections. As such, MMC aspires to establish mutually beneficial relationships with local communities and officials.

Performance Summary for Towards Sustainable Mining (TSM)

In 2023, MMC began implementing TSM, with the objective of progressively deploying TSM best practices throughout operational mines while anticipating year after year improvement in overall performance. MMC aims to use technology and innovate in the same to produce quality products safely at the lowest cost. MMC continues to contribute to the development of technical standards in the global extractive industry. The Company built and commissioned a Belt Filter Press (“BFP”) facility at the Coal handling and preparation plant (“CHPP”), designed to extract water for reuse from the fine tailings previously recycled through the tailings storage facility. The method nearly quadruples the quantity of water recycled from the fine tailings stream, from 35% to 70%, by eliminating evaporation losses in the tailings storage facility (“TSF”). The implementation of the belt filter press plant for treating CHPP tailings has improved water recycling rates, reducing water extraction and environmental footprint with cost benefit meaning the company does not require to have any tailings. The connection to the Mongolian Central Energy System allows the UHG Power Plant to operate at full coal-fired capacity by permitting energy supply to third-party customers, hence offering a chance to minimize unit costs associated with power generation. MMC is on a roadmap to set performance targets for the facility in terms of energy and GHG emissions in 2024. As part of the commitment to being a socially responsible partner of choice, MMC has newly adopted TSM at the site and will continue to use the TSM protocols to guide activities through the closure process.

The corporation is more devoted than ever to enhancing its performance under the TSM program.

Please visit https://www.mmc.mn for further details.