Type Public company Industry Coal mining Products Coking Coal Revenue 99.5 million USD Number of employees 1,897 | Traded as SEHK: 975 Area served Mongolia Headquarters Mongolia Founded 18 May 2010 Subsidiaries Transgobi LLC | |
Key people Odjargal Jambaljamts (Chairman) Stock price 0975 (HKG) HK$ 0.25 0.00 (-1.96%)16 Mar, 2:47 PM GMT+8 - Disclaimer | ||
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Mongolian Mining Corporation ("MMC") is a Mongolian coking coal producer listed in the Hong Kong Stock Exchange. It is the largest privately owned coal mining company in Mongolia, owning two coal mines located in the Gobi Desert, namely the Ukhaa Khudag mine and the Baruu Naran mine.
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Mongolian mining corporation
History
MMC was incorporated in the Cayman Islands as an exempted company with limited liability on May 18, 2010 in anticipation of the Global Offering in Hong Kong. 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 coal formation in Southern Gobi via Energy Resources LLC, and operates the Baruu Naran mine via its wholly owned subsidiary, Khangad Exploration LLC.
Shareholders
According to the 2014 Annual Report 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.