KUALA LUMPUR, Oct 16 (Bernama) -- Mongolian Mining Corporation’s washed coking coal sales fell 26 per cent quarter-on-quarter to about 1,996.9 kilotonnes (kt) in the third quarter (Q3) ended Sept 30, even as coking coal prices in China rebounded strongly on tighter domestic supply.
Sales were also down 13 per cent from 2,303.2 kt a year earlier, according to the company’s unaudited operational update.
The number of coal trucks crossing the Ganqimaodu border point into China fell to an average of 897 per operating day during the quarter. This was 34 per cent and 29 per cent lower than the averages of 1,366 and 1,270 trucks in the second and first quarters, respectively.
However, the year-to-date average of 1,177 trucks per operating day was 15 per cent higher than the 2025 full-year average of 1,023, the company said in a statement.
Combined output from its Ukhaa Khudag and Baruun Naran mines showed raw coal mined rising eight per cent quarter-on-quarter and 33 per cent year-on-year to 4,791.2 kt.
Coking coal processed fell six per cent from the previous quarter to 4,253.2 kt but rose 13 per cent year-on-year, while washed coking coal production dropped 11 per cent quarter-on-quarter to 2,503.1 kt, up 19 per cent from a year earlier.
At its Bayan Khundii gold mine, ore mined rose 68 per cent quarter-on-quarter to 414.9 kt, ore processed increased seven per cent to 164.5 kt and gold sales edged up one per cent to 11,853 ounces (oz).
The company’s average realised gold price fell four per cent quarter-on-quarter to US$4,315 an ounce, but was 13 per cent higher than US$3,805 a year earlier. (US$1 = RM4.08)
Mongolian Mining Corporation sells its coking coal through auctions on the Mongolian Stock Exchange.
-- BERNAMA
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