In the third quarter, MONGOL MINING's total raw coal production at the UHG and BN mines was 3.6043 million tons

MONGOL MINING announced that the total raw coal extraction volume from the UHG and BN mines in the third quarter was 3.6043 million tons, a 5% increase month-on-month and a 16% decrease year-on-year. The company processed 3.7538 million tons of coking coal raw coal, producing 2.103 million tons of washed coking coal products, a 3% decrease month-on-month and a 9% increase year-on-year. In addition, commercial gold production at the BKH mine will commence on September 14, 2025. EM sold 342 ounces of gold and 96 ounces of silver to banks, with a weighted average gold price of $3,805.18 per ounce

Hong Kong coal stocks rose in the afternoon, with MONGOL MINING up over 12%, YANKUANG ENERGY up over 5%, CHINA QINFA up over 3%, and E-COMMODITIES and China Shenhua up over 2%

Understanding the Market | Coal stocks lead the gains as the market pays close attention to tightening industry supply. Institutions say that under the expectation of "anti-involution," coal prices are expected to return to reasonable levels

Coal stocks saw significant gains, with MONGOL MINING rising 3.69%, China Coal Energy rising 2.85%, YANKUANG ENERGY rising 2.85%, and CHINA SHENHUA rising 2.78%. Founder Securities pointed out that the coal industry's supply tightening is expected to lead to a rebound in coal prices, and the increase in thermal power demand will improve the supply-demand balance. Guotai Junan believes that there will be demand pressure in the first half of 2025, and the National Energy Administration emphasizes "anti-involution" in the coal industry, expecting total supply to stabilize with a slight decline

Understanding the Market | MONGOL MINING fell nearly 4% in early trading as the sales price of washed coking coal decreased. The company expects its net profit for the first half of the year to turn from profit to loss

Mongolian Mining Corporation fell nearly 4% in early trading, and as of the time of writing, it was down 3.4%, reported at HKD 8.24, with a turnover of HKD 27.0068 million. In terms of news, Mongolian Mining Corporation issued a profit warning, expecting a loss of USD 15 million to USD 25 million in the first half of the year, compared to a net profit of USD 133 million in the same period last year, turning from profit to loss year-on-year. The announcement stated that the decline in profits was mainly due to the decrease in the selling price of washed coking coal, resulting in a reduction in revenue generated by the group in the first half of 2025 compared to the same period in 2024, as well as one-off projects related to debt refinancing. Notably, Mongolian Mining Corporation previously announced its second-quarter operational data, with its wholly-owned subsidiary Energy Resources LLC and its controlling subsidiary Khangad Exploration LLC collectively mining 3.4284 million tons of raw coal, a year-on-year decrease of 28% and a quarter-on-quarter decrease of 7%; during the period, they processed 3.6057 million tons of raw coking coal and produced 2.1781 million tons of washed coking coal, a quarter-on-quarter increase of 3% and a year-on-year decrease of 2%. In the second quarter, ER and KEX sold a total of 1.7397 million tons of washed coking coal, a year-on-year decrease of 25% and a quarter-on-quarter increase of 9%

Hong Kong stock coal shares collectively fell, with Green Leader Holdings down nearly 8%, China Coal Energy down over 4%, Nan Nan Resources, Mongol Mining, FS ANTHRACITE, and Coal Australia down over 3%, and HIDILI INDUSTRY, Yanzhou Coal Mining, and China Shenhua Energy down over 2%