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Potential Upside For Mongolian Mining Corporation (HKG:975) Not Without Risk
Debang Securities: Coal industry shareholding and market cap both increased in Q2 2024, with a narrower range of low allocation.
In Q2 of 2024, the coal industry had a relatively outstanding market performance, outperforming the SSE Composite Index and achieving both excess and absolute returns. It ranks fourth in the Shenzhen Stock Exchange first-level industry in terms of increase.
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
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