Mongolian Mining

Name

Mongolian Mining

Legal name

Mongolian Mining Corporation

Website

https://mmc.mn

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Coking Coal Mining

NAICS

Surface Coal Mining (212114), Coal Mining (2121), Other Metal Ore Mining (212290)

SIC

Bituminous Coal & Lignite Surface Mining (1221), Bituminous Coal & Lignite Mining (1220)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industry

Coal Preparation & Beneficiation (Washing, Crushing, Screening) (IMAKAIAH)

Keywords

• Coking coal mining
• Coal processing
• Gold mining
• Mining logistics
• Commodity export

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Coking Coal Sales: Revenue from mining and selling washed coking coal produced at Ukhaa Khudag and Baruun Naran mines. Q2 2026 sales reached 2,688.1 thousand tonnes. Primary export market is China via border crossings.
2. Gold Sales: Revenue from gold production through 50%-owned Erdene Mongol LLC joint venture at the Bayan Khundii Gold Mine. Q2 2026 gold sales reached 11,709 ounces at weighted average price of $4,493 per ounce.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mongolian Mining Corporation is a high-quality coking coal producer and exporter that owns and operates two open-pit coking coal mines (Ukhaa Khudag and Baruun Naran) in South Gobi, Mongolia, processes raw coal at a 15 Mtpa Coal Handling and Preparation Plant, and transports washed coal via a 450-truck fleet to Chinese border crossings for export to steel manufacturers. The company has also diversified into gold production through a 50% joint venture at the Bayan Khundii Gold Mine.

Product overview

Mongolian Mining Corporation operates as a high-quality coking coal producer and exporter in Mongolia, with a portfolio of two open-pit coking coal mines (Ukhaa Khudag and Baruun Naran) in Umnugobi aimag, supported by a coal handling and preparation plant. The company also has gold production operations through its 50% stake in Erdene Mongol LLC, which operates the Bayan Khundii Gold Mine.

Differentiator

Problem solved

Functional benefit

Products and services

• Ukhaa Khudag Mine Open-pit coking coal mine located in Umnugobi aimag of Mongolia, operated by subsidiary Energy Resources LLC, holding mining license MV-11952 with approximately 680 million tonnes of JORC-standard measured, indicated and inferred coal resources.
• Baruun Naran Mine Open-pit coking coal mine located approximately 30 km from Ukhaa Khudag in Umnugobi aimag, operated by subsidiary Khangad Exploration LLC, holding mining licenses MV-14493 and MV-017336 with approximately 330 million tonnes of proven and probable reserves.
• Coal Handling and Preparation Plant (CHPP) Coal washing and processing facility designed and built by Sedgman (Australia), the first and largest of its kind in Mongolia, with three modules providing total nameplate ROM coal processing capacity of 15 Mtpa. Features highly-automated, cutting-edge technology with substantial water-recycling and belt filter press for doubled water recovery rates.
• Bayan Khundii Gold Mine Gold mine in Bayankhongor province of Mongolia, operated as a 50-50 joint venture between MMC and Erdene Resource Development Corp through Erdene Mongol LLC, with a targeted annual production of 80,000+ ounces of gold.

Quantifiable outcome

• 55% year-over-year increase in washed coking coal sales to 2,688.1 kt in Q2 2026
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Erdene Mongol LLCcoreStrategic or Co-development Partner50-50 joint venture for gold operations at the Bayan Khundii Gold Mine in Mongolia. MMC holds 50% stake in the joint venture which achieved first gold production in Q3 2025 and commercial production in Q1 2026.
• Erdenes Mongol LLCminorStrategic or Co-development PartnerJoint venture established in 2012 to expand the Gaxuurt border checkpoint capacity to 25-30 million tonnes annually, addressing bottleneck issues at the Mongolia-China border.
• Sedgman Company (Australia)coreTechnology or IntegrationAustralian company that designed and built the coal handling and preparation plant, one of the world leaders in coal processing and material handling technology. The CHPP is the first of its kind in Mongolia.
• CHN Energy Coal Coking Co., LtdminorChannel Partner/ Reseller/ DistributorAnnual protocol signed at China International Import Expo 2021 for coal coking cooperation, representing major Chinese customer relationship.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• Erdene Resource Development: Canadian-listed junior gold developer that partnered with MMC to establish the 50/50 Erdene Mongol LLC joint venture for the Bayan Khundii Gold Mine. Directly comparable as MMC's JV counterparty in gold and as an emerging Mongolian gold producer.

Broad incumbents

• BHP Group: Global diversified miner with significant metallurgical coal exposure via its BMA joint venture in Queensland, supplying seaborne and Asian steel markets. Comparable as a major coking coal supplier across a broader diversified metals/petroleum portfolio.
• Teck Resources: Canadian diversified miner with a flagship steelmaking coal business (Elk Valley) serving global coking coal demand, now part of the integrated mining portfolio. Comparable to MMC on its coking coal focus and Asian steel customer base.
• Glencore: Swiss-listed major diversified miner and commodity trader with substantial metallurgical coal production and global marketing reach. Comparable to MMC on coking coal output and Asian steel distribution channels.

Direct peers

• Whitehaven Coal: ASX-listed coking and thermal coal producer with multiple open-pit mines and export-focused distribution via port infrastructure. Comparable to MMC as a publicly listed, mid-cap coking coal exporter relying on integrated mining-to-logistics operations.
• Peabody Energy: One of the world's largest publicly listed coal producers with significant metallurgical coal exposure for the seaborne and Asian steel markets. Comparable to MMC as a major coking coal exporter with global customer reach.
• Yancoal Australia: Large ASX-listed coal producer with metallurgical and thermal coal exposure, partly owned by Chinese state-aligned entities and exporting heavily into China. Comparable to MMC on product mix and Asian/Chinese export orientation.
• Stanmore Resources: ASX-listed metallurgical coal producer operating open-pit mines in Queensland's Bowen Basin with predominant Asian export focus. Closely comparable to MMC on mine type, coking coal product, and export-driven Asia sales motion.
• Coronado Global Resources: US-listed metallurgical coal producer operating open-pit and underground mines in Australia and the US, exporting primarily to Asian steelmakers. Directly comparable to MMC on product (coking coal), customer base (Asian steel), and integrated production model.

Regional players

• China Shenhua Energy: Largest Chinese coal producer and major Asian coking and thermal coal supplier, listed in Hong Kong and Shanghai. Comparable to MMC as a major coal exporter serving Asian steel demand, though primarily serving the Chinese domestic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mongolian-mining-corporation-hkex-0975-

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mongolian Mining