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Mongol Mining's (00975) Q2 coal mining output up 5% YoY
23 Jul 2019
(Infocast News) Mongolian Mining Corporation (00975) said that for the second quarter ended 30 June 2019, the group's run-of-mine (ROM) coal mining output was 2,570.6 thousand tonnes (kt). This represents a 42% increase from the previous quarter ended 31 March 2019 and a 5% year-on-year increase compared to the corresponding period ended 30 June 2018.

A total of 2,238.3 kt of ROM coking coal was processed, representing a 73% increase compared to the previous quarter ended 31 March 2019 and resulting in the production of 1,127.9 kt of washed coking coal products. The ROM coking coal processed during the corresponding quarter ended 30 June 2018 was 3% higher.

The group sold a total of 1,317.8 kt of washed coking coal products in the second quarter of 2019, which represents 32% quarter-on-quarter increase compared to the previous quarter ended 31 March 2019 and a 3% year-on-year increase compared to the corresponding period ended 30 June 2018.

(WL)
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