Market Overview - The A-share market saw a collective rebound in the three major indices, with the Shanghai Composite Index rising by 0.69% to 3866.09 points, the Shenzhen Component Index increasing by 1.38%, and the ChiNext Index up by 2.49% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 11,709 billion yuan, a decrease of 181 billion yuan compared to the previous day, with over 4,200 stocks rising across the market [1] Sector Performance - The CPO (Cloud-based Processing Operations) concept stocks surged, with Cambridge Technology and Jingwang Electronics hitting the daily limit, and Tianfu Communication and Zhongji Xuchuang rising over 8%. Institutional research indicates a continued increase in demand for 1.6T optical modules [1] - The brain-computer interface sector was active, with Innovation Medical hitting the daily limit and Dineike rising over 11%. The world's first customized brain-computer interaction magnetic resonance platform was launched in Tianjin [1] - The coal mining and processing sector maintained its strong performance, with Dayou Energy achieving six consecutive daily limits, and both Baotailong and Yunmei Co. hitting the daily limit [1] - Robotics stocks showed strength, with multiple stocks including Xingyu Wangda, CITIC Heavy Industries, and Dayang Electric hitting the daily limit. Sanhua Intelligent Control rose nearly 7%, and UBTECH received a large order of 126 million yuan, with institutions optimistic about the humanoid robot sector in Q4 [1] Other Notable Movements - Gold stocks experienced a collective pullback, with Hunan Silver and Silver Nonferrous Metals hitting the daily limit, and Western Gold falling over 8%. Spot gold prices briefly dropped below 4,220 USD per ounce [1] - Some bank stocks declined, with Yunnan Agricultural Bank and Shanghai Pudong Development Bank both falling over 2% [1]

Core Insights - Chinese coal prices are rising due to unpredictable weather and increased government supervision aimed at preventing accidents and curbing overproduction [1][2] - The government's anti-involution campaign is expected to become a standard practice, focusing on reducing overcapacity through safety checks [1][2] - Benchmark thermal coal prices at Qinhuangdao port increased to 723 yuan ($101) per ton, up from a four-year low of 610 yuan per ton in June [3] Supply and Demand Dynamics - Flooding in Shanxi and Shaanxi provinces is likely to reduce coal supply in the coming months, while imports may also slow as winter restocking is nearly complete [4] - Heavy rains have increased hydropower availability, potentially reducing coal demand, alongside a slowing economy that caps fuel consumption [4] - Unusual weather patterns, including high temperatures and early heating needs, are expected to increase coal usage [5] Market Outlook - The market is leaning towards price increases, but accurately predicting price levels is becoming more complex [5][6] - Analysts expect a mild gain in coal prices, but the exact amount remains uncertain [6]

Core Insights - The Trump administration has revitalized the coal industry by designating coal as a critical mineral in April [1] - The U.S. Energy Department has announced significant investments aimed at supporting the coal sector [1] Industry Developments - The designation of coal as a critical mineral is expected to enhance its market position and attract further investments [1] - Recent government actions indicate a strategic shift towards supporting traditional energy sources, particularly coal [1]

于截至2025年9月30日止季度，EM向蒙古银行及获授权商业银行售出342盎司黄金及96盎司白银，黄金 加权平均价格为3805.18美元╱盎司，白银加权平均价格为44.15美元╱盎司，乃使用以图格里克(当地货 币)计值的现货价及适用图格里克兑美元汇率计算。 于截至2025年9月30日止季度成功完成施工及调试后，BKH矿场有望于2025年第四季度内实现额定产 能。黄金加工厂的年装机产能可以加工65万吨矿石，根据2023年完成的最新可行性研究有望每年出产最 多约8.5万盎司黄金。 MONGOL MINING(00975)发布公告，集团的全资附属公司Energy Resources LLC(ER)经 营 Ukhaa Khudag (UHG)焦煤煤矿，集团控股附属公司Khangad Exploration LLC(KEX)经营Baruun Naran(BN)焦煤 煤矿，两者均位于蒙古国Umnugobi盟(省)。集团为蒙古国内最大的洗选焦煤产品生产商及出口商。 于2025年第三季度，集团的营运附属公司ER及KEX合共售出230.32万吨洗选焦煤产品。与截至2025年6 月30日止上一季度相比，环比增长32%，而与202 ...

Core Insights - Ramaco Resources, Inc. has been officially approved as a member of the Defense Industrial Base Consortium (DIBC), which aligns with its mission to support U.S. national security through the development of domestic critical mineral resources [1][3]. Group 1: Membership Benefits - As a DIBC member, Ramaco gains access to a network of defense contractors, research institutions, and federal agencies, allowing participation in federally funded research and production opportunities in critical areas such as rare earth elements and energy storage technologies [2]. - The DIBC aims to strengthen the U.S. defense industrial base by fostering collaboration among government, industry, and academia, focusing on building a resilient supply chain that minimizes reliance on foreign sources [3]. Group 2: Company Commitment - Ramaco's participation in the DIBC highlights its commitment to enhancing U.S. energy independence and supporting defense readiness while developing innovative solutions for future challenges [4]. - The company operates in southern West Virginia and southwestern Virginia, focusing on metallurgical coal and developing rare earth and critical minerals in Wyoming, with a significant discovery of primary magnetic rare earths at its Wyoming mine [5].

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 ...

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].

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 has introduced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government opts not to purchase it. This rule, announced by the Ministry of Minerals and Energy, took effect on 1 October, reported Reuters. Previously, the Mines and Minerals Act allowed the government a 15% shareholding in mining concessions, with a higher stake option in diamond projects. The southern African nation, one of the world's top diamond producers by value and ...

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].