MOGLFMongolian Mining Corp.

About Mongolian Mining Corp. (MOGLF)

Mongolian Mining Corp. (MOGLF) is a Coking Coal company headquartered in Ulaanbaatar, Mongolia whose shares trade over-the-counter on the OTCQX tier.

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.

Products and services

The UHG deposit sits within the 2,960 hectares Mining License MV-011952, granted to the Group effective for 30 years from 29 August 2006, extendable twice by 20-year periods. Since the UHG mining license was granted, the Group has prepared four Australasian Joint Ore Reserves Committee (“JORC”) compliant Coal Resource estimates, the most recent of which, stated as at 31 December 2021. The BN deposit is covered by two mining licenses. Mining License MV-014493 of 4,482 hectares area was obtained through the acquisition of Baruun Naran Limited, formerly known as QGX Coal Limited, on 1 June 2011, and is effective for 30 years from 1 December 2008. Mining License MV-017336 of 8,340 hectares area was granted to the Group on 24 June 2013, effective for 30 years. Both licenses are extendable twice, by 20-year periods. The Group shipped all its coal products for exports to China by primarily utilising its trans-shipping facilities at Tsagaan Khad (“TKH”) and GS Terminal (“GST”) while the domestic volume was sold under Ex-Works (“EXW”) UHG term. Coal was transported from UHG to TKH and from TKH to GST exclusively by the Group’s own trucking fleet. Coal is stockpiled at TKH or GST and after export clearance by Mongolian Customs, shipped further by trucks to Ganqimaodu (“GM”). The transportation of coal from TKH to GM was performed by the Group’s own trucking fleet and by third party contractors while coal shipped from GST was exported by third party contractors.

MOGLF key facts

Ticker symbol

MOGLF

Market tier

OTCQX

Sector

Basic Materials

Industry

Coking Coal

Headquarters

Ulaanbaatar, Mongolia

Country of incorporation

KY

Year of incorporation

2010

Employees

2,559

Estimated market cap

$837.36M (as of May 13, 2025)

Shares outstanding

1,046,693,786

Reporting standard

International Reporting: Hong Kong Stock Exchange

Audit status

Audited

Fiscal year end

12/31

Latest filing

Annual Report (Dec 31, 2024)

Mongolian Mining Corp. leadership

• Battsengel Gotov — CEO
• Oyunbat Lkhagvatsend — President
• Enkhbat Dorjpalam — President
• Ulemj Baskhuu — CFO
• Uurtsaikh Dorjgotov — General Counsel
• Hulan Bat-Ider — Head of IR
• Khulan Shagdarsuren — IR

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