A revenue of Mongolian Mining Corporation increased significantly by 197 percent to USD 546.2 million in 2022. Total sales volume was 4.7 million tonnes of coal products, an increase of 194 percent from the previous year’s 1.6 million tonnes.

With increased sales volume, MMC achieved a turnaround in 2022 recording profit attributable to equity shareholders of approximately USD59.2 million, compared to USD55.2 million loss attributable to equity shareholders recorded in 2021.

Dr. G.Battsengel, Chief Executive Officer of MMC, said, “COVID-19 continued to post challenges associated with cross border logistics from Mongolia to China during the first half of 2022, but with continuous improvements observed throughout the second half of 2022, we believe that MMC remains well-positioned to pursue its strategic objectives and operational targets, as the COVID-19 situation is under control and business activities have begun to return to normal.”