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Mongolian Mining's Coal Output Jumps in Q2
HK stocks fluctuate | Mongol Mining (00975) rose nearly 4% in early trading, with a 34% increase in total coal production in the second quarter compared to the previous quarter.
Mongol Mining (00975) rose nearly 4% in early trading. As of the draft, it rose 3.47% to HKD 9.55 with a turnover of HKD 11.8532 million.
Mongol Mining (00975) had a total coal extraction of 4.7919 million tons from the UHG and BN mines in the second quarter, a year-on-year increase of 16%.
Mongol Mining (00975) announced that as of June 30th, the total mining volume of raw coal in the UHG and BN mines of the group in the second quarter was 4.7919 million tons, a year-on-year increase of 16% and a quarter-on-quarter increase of 34%. In the second quarter, the group processed 4.0601 million tons of coking coal raw coal to produce 2.2238 million tons of washed coking coal products, a year-on-year increase of 37% and a quarter-on-quarter increase of 3%. In the second quarter, the group's ER and KEX operating subsidiaries sold a total of 2.3143 million tons of washed coking coal products, a year-on-year increase of 47% and a quarter-on-quarter increase of 40%. In the first half of the year, the group's washed coking coal products
Mongolian Mining Reports Strong Quarter
Express News | Mongolian Mining - Group’s YTD Sales Volume Reached 3,964.6 KT of Washed Coking Coal During H1
Hong Kong stock market turbulence | Coal industry concept continues to decline, Mongolia Mining (00975) fell more than 10%. The decline in coal prices led to a significant drop in profitability for most coal companies.
Coal industrial concept (coal industry) continues to decline, as of press time, Mongol Mining (00975) fell 10.71%, reporting 9 Hong Kong dollars; SouthGobi (01878) fell 9.71%, reporting 3.16 Hong Kong dollars; Yancoal Aus (03668) fell 5.34%, reporting 34.6 Hong Kong dollars.
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