Mongolian Mining Corporation (MMC) is a

Mongolia Mongolia is a landlocked country in East Asia, bordered by Russia to the north and China to the south and southeast. It covers an area of , with a population of 3.5 million, making it the world's List of countries and dependencies by po ...

coking coal Coke is a grey, hard, and porous coal-based fuel with a high carbon content. It is made by heating coal or petroleum in the absence of air. Coke is an important industrial product, used mainly in iron ore smelting, but also as a fuel in stoves ...

producer listed in the Hong Kong Stock Exchange. It is the largest

coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...

company in Mongolia, owning two coal mines located in the

Gobi Desert The Gobi Desert (, , ; ) is a large, cold desert and grassland region in North China and southern Mongolia. It is the sixth-largest desert in the world. The name of the desert comes from the Mongolian word ''gobi'', used to refer to all of th ...

, namely the Ukhaa Khudag mine and the Baruu Naran mine.

History

MMC was incorporated in the

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

as an exempted company with limited liability on May 18, 2010 in anticipation of the Global Offering in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. Prior to the incorporation, the business was operated by Energy Resources LLC, a limited liability corporation organized under Mongolian law on April 22, 2005, currently an indirect wholly owned subsidiary of MMC. MMC was listed in the Hong Kong Stock Exchange on October 13, 2010.

Operations

MMC is engaged in open-pit mining at the Ukhaa Khudag (UHG) deposit located within the

Tavan Tolgoi Tavan Tolgoi (, also Tavantolgoi, Tavantolgoy, "Five Hill") is one of the world's largest untapped coking and thermal coal deposits, located in Tsogttsetsii, Ömnögovi Province, Mongolia. It has a total estimated resource of 6.4 billion tonne ...

coal formation in Southern Gobi via Energy Resources LLC, and operates the Baruun Naran mine via its wholly owned subsidiary, Khangad Exploration LLC.

Shareholders

According to the 2023 Annual Reporthttps://www.mmc.mn/public/storage/reports/April2024/NoUEmy7wwyd4MdLXZbqm.pdf of MMC, Odjargal Jambaljamts, the Chairman of the company, is the largest shareholder of the company. Kerry Group Limited, a conglomerate in Hong Kong, also owns a substantial interest in MMC.

References

{{Reflist Companies listed on the Hong Kong Stock Exchange Mining companies of Mongolia