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MONGOLIAN MINING CORPORATION
(In Provisional Liquidation)
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE
FOR THE QUARTER ENDED 31 MARCH 2017
The board of directors of the Company (the “Board”) has adopted a policy of announcing
unaudited operational updates on a quarterly basis. This announcement sets out the unaudited
operational update for the quarter ended 31 March 2017. The comparative numbers for the quarter
ended 31 March 2016 are also disclosed in this announcement.
Table 1. Main operational data for the quarter ended 31 March 2017:
Item Unit The quarter ended 31 March
Year on Year
change (%)
2016 2017
ROM coal mined kt 431.1 1,644.8 282%
ROM coal processed kt 521.0 1,547.8 197%
HCC product kt 255.3 797.3 212%
HCC product yield % 49.0% 51.5% +2.5 ppt
HCC product sold kt 211.5 798.1 277%
The main operational data summarized and shown above in Table 1 are derived from the internal
records of the Group and are intended to give investors an overview of the Group’s operations in a
timely manner and may differ from the data disclosed in periodic reports of the Company.
In the quarter ended 31 March 2017, the Group’s mine production increased by 282% as compared
to the corresponding period of 2016 with quarterly run-of-mine (“ROM”) coal mining output
achieving 1,644.8 thousand tonnes (“kt”).
Total 1,547.8 kt of ROM coal was processed, representing 197% increase compared to the
corresponding period of 2016 and resulting in the production of 797.3 kt of washed hard coking
coal (“HCC”) product at 51.5% yield.
2
The Group sold a total of 798.1 kt of HCC product in the first quarter of 2017, representing 277%
increase compared to the corresponding period of 2016.
The aforesaid operational data are not an express or implied forecast or guarantee in respect of the
Company’s future operating conditions.
In addition, various factors may affect results, including (but not limited to) acts of the God,
changes in market conditions and regulatory interferences, as such material differences may exist
in the operational data published from quarter to quarter.
Investors should note that undue reliance on or use of the above information may cause
investment risks.
For and on behalf of the Board
Mongolian Mining Corporation
(In Provisional Liquidation)
Odjargal Jambaljamts
Chairman
Hong Kong, 27 April 2017
As at the date of this announcement, the board of directors of the Company consists of
Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company,
Dr. Oyungerel Janchiv, Mr. Od Jambaljamts and Mr. Gankhuyag Adilbish, being the non-executive
directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid and Mr. Chan
Tze Ching, Ignatius, being the independent non-executive directors of the Company.
Published Date:2017-04-27