Mongolian Mining Corporation Logo

Mongolian Mining Corporation (29X2)

FSX

Currency in EUR
1.09
-0.03 (-2.68%)

Real-time Data

06:00 AM

Day's Range

1.09
1.09

52 wk Range

0.6400
1.53

Profile - 29X2 - Mongolian Mining Corporation

Profile

Mic Code

XFRA

Sector

Basic Materials

Industry

Coking Coal

Employees

2.55K


Mongolian Mining Corporation is a notable player in the global mining industry, specializing in the extraction of coking coal, which is a critical raw material in the steel manufacturing process. Based in Mongolia, the corporation operates significant coal mining sites in the Southern Gobi region, an area known for its rich coal reserves. The primary function of Mongolian Mining Corporation is to efficiently and sustainably produce high-grade coking coal, which is then marketed and sold primarily to major steel producers in China, one of the largest markets for coking coal. The corporation plays a vital role in Mongolia's economy, contributing substantially to export revenue and employment. Mongolian Mining Corporation emphasizes the development of infrastructure and logistics to facilitate cost-effective and timely transportation of coal to Chinese border points. By integrating advanced mining technologies and adhering to stringent environmental standards, the corporation positions itself as a responsible and innovative entity within the mining sector. Its operations underscore Mongolia's strategic importance as a resource-rich nation and its expanding influence in the Asian energy and commodity markets.

Profile Details

Type

Common Stock

Address

Central Tower

City

Ulaanbaatar

Zip

14200

Country

Mongolia

Phone

976 70 122279

The information on this page is provided for general informational purposes only and is not investment advice.

Market data provided by Twelve Data. Charting by TradingView.

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