MONGOLIAN MINING CORPORATION POSTS HIGHER COAL OUTPUT FOR QUARTER ENDED MARCH 31

KUALA LUMPUR, April 20 (Bernama) -- Mongolian Mining Corporation reported a mixed but generally stronger operational performance for the quarter ended March 31, 2026, according to data released by the company.

The group (Mongolian Mining Corporation and its subsidiaries) recorded 4,846 kilotonnes (kt) of run-of-mine (ROM) coal mined, representing a 22 per cent increase quarter-on-quarter and 32 per cent year-on-year.

In a statement, the group said washed coking coal production stood at 2,276.9 kt, down three per cent quarter-on-quarter but up eight per cent compared to the same period last year.

Coal sales rose significantly on an annual basis, with 2,558.4 kt sold, marking a 60 per cent year-on-year increase, although marginally lower quarter-on-quarter.

In its gold and metals segment, the group reported gold sales of 8,527 ounces (oz), up 20 per cent from the previous quarter, supported by stronger pricing conditions. The average gold price increased 17 per cent to US$4,872 per oz, reflecting firmer market conditions during the period.

The group remains the largest producer and exporter of washed coking coal in Mongolia, with operations spanning multiple subsidiaries engaged in coal, gold, and other metals production.

-- BERNAMA