| Oil, Gas & Consumable Fuels Industry | Energy Sector | Dr. Battsengel Gotov CEO | HKEX Exchange | - ISIN |
| Mongolia Country | 3,105 Employees | - Last Dividend | 26 Aug 2019 Last Split | - IPO Date |
Mongolian Mining Corporation (MMC) is a prominent enterprise in the realm of mining, with a strong emphasis on the coking coal industry within China. Established in 2010 and with its headquarters nestled in Ulaanbaatar, Mongolia, MMC has carved out a niche for itself by owning and operating two significant open-pit coking coal mines: the Ukhaa Khudag and the Baruun Naran, both of which are strategically located in the South Gobi province of Mongolia. Alongside its core mining operations, MMC has diversified into various related sectors, including railway project management, airport operation and management, water exploration and supply management, and power supply project management. This diversification showcases MMC's commitment to not only securing the supply of essential raw materials but also enhancing the infrastructure and utilities that support its core mining activities.
MMC's cornerstone lies in the mining, processing, and sale of coking coal products, a critical raw material used in steel manufacturing. Through its ownership and operation of the Ukhaa Khudag and the Baruun Naran mines, MMC ensures a steady supply of coking coal to meet the voracious demands of the steel industry, primarily in China. This operation encompasses the entire value chain from extraction to processing, ensuring quality and efficiency.
Understanding the critical role of logistics in the mining industry, MMC engages in railway project management to enhance the transportation infrastructure for its coking coal products. This service ensures that the extracted coal can be transported efficiently and reliably, reducing lead times and increasing the overall efficiency of the coal supply chain.
In its bid to streamline operations and facilitate quick and efficient transportation and logistics, MMC also delves into airport operation and management. This diversification into aviation infrastructure underlines MMC's approach to leverage every possible logistical advantage to support its mining operations.
Acknowledging the importance of sustainable resource management, MMC is actively involved in water exploration and supply management. This initiative not only secures the water necessary for mining operations but also contributes to the sustainable management of local water resources in the arid regions of South Gobi.
Power is another critical aspect of mining operations. MMC's engagement in power supply project management aims to ensure a stable and efficient power supply for its mining and processing activities. This involves both the development and management of power supply infrastructure to meet the considerable energy demands of its operations.
Beyond its primary mining activities, MMC also engages in the trading of coal and machinery equipment. This aspect of the business not only facilitates the distribution of its coking coal but also encompasses the trading of essential machinery and equipment used in the mining industry, promoting efficiency and innovation within its operations and the broader mining sector.