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Mongolian Mining Corporation Operational Update for the Quarter Ended 30 September 2025
Globenewswire· 2025-10-15 10:05
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. MONGOLIAN MINING CORPORATION (Incorporated in the Cayman Islands with limited liability) (Stock Code: 975) OPERATIONAL UPDATE FOR THE QUARTER E ...
Mongolian Mining Corporation Operational Update for the Quarter Ended 30 September 2025
Globenewswire· 2025-10-15 10:05
Core Viewpoint - Mongolian Mining Corporation has released its operational update for the third quarter of 2025, highlighting significant increases in coking coal sales and the commencement of gold production at its Bayan Khundii mine [3][6][12]. Coking Coal Operations - The Group sold 2,303.2 thousand tonnes of washed coking coal in Q3 2025, marking a 32% increase quarter-on-quarter and a 13% increase year-on-year [6]. - The run-of-mine coal output from UHG and BN mines was 3,604.3 thousand tonnes, reflecting a 5% increase from the previous quarter but a 16% decrease compared to the same period last year [6]. - The total processed run-of-mine coking coal was 3,753.8 thousand tonnes, with a 3% decrease from Q2 2025 but a 9% increase from Q3 2024 [6]. - Key operational data for Q3 2025 includes: - ROM coal mined: 3,604.3 kt (QoQ +5%, YoY -16%) - ROM coking coal processed: 3,753.8 kt (QoQ +4%, YoY +3%) - Washed coking coal produced: 2,103.0 kt (QoQ -3%, YoY +9%) - Washed coking coal sold: 2,303.2 kt (QoQ +32%, YoY +13%) [8]. Gold and Metals Operations - The Group holds a 50% equity stake in Erdene Mongol LLC, which operates the Bayan Khundii gold mine [9]. - Commercial gold production at the BKH mine commenced on September 14, 2025, with 342 ounces of gold and 96 ounces of silver sold during Q3 2025 at average prices of 3,805.18 USD/oz for gold and 44.15 USD/oz for silver [12][13]. - The BKH mine is expected to reach its nameplate production capacity in Q4 2025, with an annual processing capacity of 650,000 tonnes of ore and projected gold production of approximately 85,000 ounces per year [14].
MONGOL MINING(00975) - 最新营运资料截至二零二五年九月三十日止季度
2025-10-15 08:44
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性 或完整性亦不發表任何聲明,並明確表示,概不就因本公告全部或任何部分內容所產生或因依 賴該等內容而引致的任何損失承擔任何責任。 MONGOLIAN MINING CORPORATION (於開曼群島註冊成立的有限責任公司) (股份代號:975) 最新營運資料 截至二零二五年九月三十日止季度 Mongolian Mining Corporation(「本公司」,連同其附屬公司,統稱「本集團」)董事 會(「董事會」)謹此公佈截至二零二五年九月三十日止季度的未經審核最新營運資 料。截至二零二四年九月三十日止季度及截至二零二五年六月三十日止季度的比 較數字亦於本公告披露(如適用)。 本公司為業務集中於並位於蒙古國的最大的國際上市私營礦業公司。本集團整合 了一個多元化的業務組合,在蒙古國南部及西部地區開發及運營焦(冶金)煤、黃 金、銅及其他有色金屬礦業資產。 焦(冶金)煤營運 本集團的全資附屬公司Energy Resources LLC(「ER」)經營Ukhaa Khudag (「UHG」)焦煤煤礦,本集團控股附屬公司Khangad Ex ...
Botswana mandates 24% local stake in new mining concessions
Yahoo Finance· 2025-10-10 14:22
Group 1 - Botswana has introduced a regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government opts not to purchase it, effective from October 1 [1] - The legislation aims to increase local ownership in mineral wealth and encourages local value-added initiatives, mandating funds for environmental rehabilitation [2] - The former mines minister suggested that local investors could acquire stakes in concessions with support from domestic pension funds, which are required to reduce offshore investments from 65% to 50% over three years [3] Group 2 - The government holds equity stakes in various mining entities, including 100% in Morupule Coal Mine and 50% in Debswana Diamond Company, and is negotiating to acquire a majority stake in De Beers [4] - Botswana aims to increase its stake in De Beers from 15% to over 50%, with ongoing discussions involving partners such as Oman's sovereign wealth fund to fund the acquisition [5]
Ramaco Chairman and CEO Randall Atkins to Appear on Bloomberg Television Europe and BBC 'Business Today' to Discuss U.S. Critical Mineral and Brook Mine Development
Prnewswire· 2025-10-10 12:00
Core Insights - Ramaco Resources is gaining media attention as its Chairman and CEO, Randall W. Atkins, is set to appear in interviews on Bloomberg Television and BBC News, highlighting the company's role in the U.S. critical mineral industry amid China's restrictions on rare earths [1][2]. Company Overview - Ramaco Resources, Inc. operates in southern West Virginia and southwestern Virginia, focusing on high-quality, low-cost metallurgical coal and developing coal, rare earth, and critical minerals in Wyoming [5]. - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5]. Brook Mine Project - The Brook Mine project in Sheridan, Wyoming, is significant as it is the first new rare earth mine in the U.S. in over 70 years and the first new coal mine in Wyoming in more than 50 years [3]. - The mine has garnered international attention due to the discovery of high concentrations of medium and heavy rare earth elements and critical minerals within coal seams [3]. Leadership and Industry Position - Randall W. Atkins is positioned as a leading voice in American mining and critical mineral resource independence, having recently spoken at the IEA-IEF-OPEC Symposium in Paris [4]. - His address emphasized the transformative role of coal in modern energy markets and Ramaco's leadership in rare earth development and carbon technologies [4].
X @Bloomberg
Bloomberg· 2025-10-09 14:58
South African coal producer Exxaro still wants to acquire copper assets but has scaled back its ambitions since missing out on a mine in Botswana, the firm’s new chief executive officer said. https://t.co/Mne02PNBSM ...
Ramaco Resources' Randall Atkins to Address Global Energy Leaders at IEA-IEF-OPEC Symposium in Paris
Prnewswire· 2025-10-08 12:00
Core Insights - Ramaco Resources, Inc. is actively participating in the 7th IEA-IEF-OPEC Symposium on Gas and Coal Market Outlooks, emphasizing the importance of coal in the current energy landscape [1][6] - Randall W. Atkins, Chairman and CEO, will address the evolving role of coal, critical minerals, and artificial intelligence in energy markets [2][3] - The company is pioneering developments in coal and carbon products, as well as rare earth and critical minerals, which are crucial for future energy security [4][5] Company Overview - Ramaco Resources operates in southern West Virginia and southwestern Virginia, focusing on high-quality metallurgical coal and developing rare earth and critical minerals in Wyoming [7] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine in Wyoming [7] - In 2023, Ramaco discovered a significant deposit of primary magnetic rare earths and critical minerals at its Wyoming mine, highlighting its role in energy security [7] Industry Context - The IEA-IEF-OPEC Symposium serves as a platform for experts and policymakers to discuss the future of gas and coal markets, reflecting a commitment to advancing dialogue on critical energy topics [6] - The event underscores the ongoing trilateral cooperation among the IEA, IEF, and OPEC, as mandated by G20 leaders, to address global energy challenges [1][6]
Core Natural Resources Announces Leadership Change
Prnewswire· 2025-10-08 11:55
Core Leadership Transition - Core Natural Resources, Inc. has appointed Jimmy Brock as the new CEO, succeeding Paul A. Lang, effective immediately [1] - Brock will collaborate with Lang during the transition period, which will last until the end of the year [1] Company Overview - Core Natural Resources is a leading producer of high-quality metallurgical and thermal coals, operating large-scale, low-cost longwall mines [4] - The company was formed in January 2025 through the merger of CONSOL Energy and Arch Resources, and is based in Canonsburg, Pennsylvania [4] - Core has a strategic logistical network, including ownership of two East Coast marine export terminals, enhancing its access to global coal markets [4] Leadership Background - Jimmy Brock has over 40 years of experience in the coal industry, previously serving as CEO and board member of CONSOL Energy [3] - He has held various positions including chief operating officer and mine foreman, and currently chairs several industry associations [3]
Martin van Wyk to Join Ramaco in Critical Minerals Leadership Role
Prnewswire· 2025-10-06 12:00
Core Insights - Ramaco Resources has appointed Martin van Wyk as Senior Vice President of Critical Minerals Processing, who will relocate from Australia to the U.S. to lead the development of the Brook Mine Project in Wyoming [1][5]. Group 1: Appointment and Expertise - Martin van Wyk brings over 23 years of global experience in mineral processing, hydrometallurgy, and rare earth elements (REEs) flowsheet development [1][2]. - His expertise includes a wide range of commodities such as iron ore, lithium, and uranium, with skills in geo-metallurgical analysis and process modeling [2][3]. Group 2: Contributions to Ramaco - Van Wyk has previously contributed to Ramaco's projects while working for an independent engineering firm, focusing on test work design and flowsheet optimization [3][4]. - His work has been integral to Ramaco's innovation program, particularly in developing process engineering solutions for rare earth and critical mineral separation [4]. Group 3: Company Overview - Ramaco Resources operates in high-quality metallurgical coal and is developing coal, rare earth, and critical minerals in Wyoming, with a significant discovery of primary magnetic rare earths announced in 2023 [7]. - The company holds approximately 76 intellectual property patents and is involved in advanced carbon product research related to coal [7].
Anglo American begins arbitration proceedings against Peabody-report
Yahoo Finance· 2025-10-06 11:30
Group 1 - Anglo American has initiated arbitration proceedings against Peabody Energy due to the cancellation of a purchase agreement for its steelmaking coal assets [1] - Peabody Energy retracted its offer of approximately $3.8 billion for Anglo American's Australian coking coal assets after failing to agree on price reductions following a fire at the Moranbah North mine [1][2] - The Moranbah North mine operations were suspended in April due to an underground fire caused by elevated gas levels, which led Peabody to activate a clause allowing withdrawal or renegotiation of the agreement [2][3] Group 2 - Anglo American returned $29 million of the $75 million deposit to Peabody, with Peabody demanding the remaining amount promptly [3] - Anglo American, through its subsidiary Anglo American Sur, signed a definitive agreement with Codelco to execute a joint mine plan for their copper operations in Chile [3][4]