Mongolian Mining Clarifies Non-Binding MoU on Strategic Deposits With Mongolian Government

Mongolian Mining ( (HK:0975) ) has issued an update.

Mongolian Mining Corporation has clarified that the Prime Minister of Mongolia has signed a non-binding memorandum of understanding with several license holders of strategic mineral deposits, including its subsidiaries Energy Resources and Khangad Exploration. The MoU proposes replacing potential free state equity stakes in such projects with a special royalty linked to market prices and a framework under which 60% of cumulative economic benefits from strategic deposits would accrue to the government through taxes, royalties and other payments.

No definitive agreements have yet been signed, and any binding terms must still be drafted by the government and approved by parliament, leaving final fiscal and ownership outcomes uncertain for investors. The company views the MoU as a positive step toward a non-discriminatory, legally grounded solution that could improve the investment framework for Mongolia’s mining sector, while it continues negotiations aimed at protecting its rights and shaping the eventual settlement for the Ukhaa Khudag and Baruun Naran mines.

The most recent analyst rating on (HK:0975) stock is a Buy with a HK$13.50 price target. To see the full list of analyst forecasts on Mongolian Mining stock, see the HK:0975 Stock Forecast page.

More about Mongolian Mining

Mongolian Mining Corporation is a Hong Kong–listed coal producer operating through subsidiaries Energy Resources LLC and Khangad Exploration LLC in Mongolia. Its key assets are the Ukhaa Khudag and Baruun Naran mines, both located within the Tavan Tolgoi coal deposit area, which is designated as a Mineral Deposit of Strategic Importance under Mongolian law.

Average Trading Volume: 3,728,949

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$12.47B

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