MONGOL MINING2024中期报告

2 24 28 30 31323233343536 975 |www.mmc.mn MMCMMC Mongolian Mining CorporationMMC975MMCUmnugobiUkhaaKhudagUHGBaruun NaranBN MMCMMC MMCMMC MMCMMC MMCMMC MMCMMC 530.61.1%494.14.5%471.953.443.622.5% 0.8%241.80.2%237.14.119.8%4.9 8.3%57.445.625.9% 29.522.351.5%40.638% 288.6291.61.0%228.3 WGC2,330.912.7%WGC(38%)(37%)(18%) 116 7.86.5% (ETFs)120.141.4WGC29% WGC 5.450%5% (Law on the National Wealth Fund) 3027 (Law on theFuture Inheritance Fund)(i)(ii) 34% (i) (ii)(iii) (iv) 30% 1266842844 231382 Amarbayasgalan Dashzegve Oyun-Erdene Luvsannamsrai (i)(ii)(iii)(iv)(v) 24 zadra6507492.7% Erdene Mongol LLCEM Bayan KhundiiBKH30%NI 43-101BKH476 Lkhagva-Ochir SaidUHGUHGJORC UKHAA KHUDAG (UHG) •1,645208,211116,709HQ-363.196.091,502122•43,656•Polaris Seismic International LtdPolarisVelseis Processing Pty LtdVelseis71•ALS 2,960UHGMV-011952UHG3020UHGJORC 3D8916,9356,108 10821,9577,968 JORC JORCJORC JORC JORC1 3.THGJORC 2.BNJORC 1.UHGJORC BARUUN NARAN (BN) BNBaruun Naran LimitedQGXCoal Limited4,482MV-014493BN308,340MV-017336THG3020 235% 161 •BN13536,87516,102HQ-39,640PQ-383.0122.611,133122•THG32THG9,9705,900HQ-33,610PQ-3460122•12,502 (BN)3,824(THG)•VelseisPolarisBN75 Baruun Naran Gas LLCBNGJade Gas Mongolia LLCJadeBNKEX66%34% BNTHGJORCBNTsaikharKhudagTHG BNGBN BNG4,418.3244NKJIHGNKJIHG9.415.2 BN8,335.4H3,766BNTHGTHG Lkhagva-Ochir SaidJORC BNGJade Gas Holdings LimitedJadeJGHJade Gas Holdings Limitedhttps://jadegas.com.au/investors/asx-announcements/ BNTHG UKHAA KHUDAG (UHG) Glogex Consulting LLCGlogexUHGJORCJORCJORC •UHG •AMC Consultants Pty LtdAMCJohn LatillaJORC•JORC0B0AU •UHG 43.64%2.68%UHGJORC 5.BNJORC BARUUN NARAN (BN) BNGlogexBNJORC •• 4(Australasian Code for Reporting of Exploration Results, Mineral Resources andOre Reserves)JORCUHGNaranbaatar LundegAusIMM#326646Glogex22JORCLundeg •AMCJohn Latilla360•Norwest CorporationJohn Trygstad JORCBN51.8%2.62% (ii) 5(i)5 (Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves)JORCBNNaranbaatar LundegAusIMM#326646Glogex22JORCLundeg (ii) KHUNDII DHDH230 UlaanUNKhundii20125,13223683181,04018 MV-021444Khundii2,309EM3020EMKhundiiBKHDark HorseDH BKH0.46 EMKhundiiDHBKHDHDHRPM GlobalRPMNI 43-101CIM BKHBKHAGPMining Consultants Inc.National Instrument 43-101(NI 43-101)CIMBKHPaul Daigle(P.Geo.)CIM 100.16 DH0.351.02DH ALTAN NAR Altan NarANEMMV-021547AN4,6693020ANKhundii16 RPMANANRPM0.78vii1.4AN ANCBMGCBMG500 AN5.61.518 ULAAN (UN) UN(XV-016057)Khundii1,780EM3 EMUN354 6.BKHNI 43-101 7.DHNI 43-101 8.ANNI 43-101 (i).0.71.4(ii).ANJeremy ClarkRPMClark(iii).(iv).(v).(vi).(vii).AN1,310182,4003,100 (i).DHOyunbat Bat-OchirRPMBat-Ochir(ii).(iii).(iv).0.351.02RPM5%10%1,72390%87%30%NI 43-101Bayan Khundii(v). (i). (ii).(iii).(iv).0.4(v).2,000(vi).95%(vii).200150(viii).2.582.66(ix).NI 43-101BayanKhundii KHUNDII BKHNI 43-101O2 Mining Limited 1,816BKH0.63DH0.682.5%10% (i). KhundiiBKH4.04.092.7%476 8.46.71.7UHGBN 7.76.51.2UHGBN4.40.357%16% 28.6UHG4.3BN12.67.4 UHGBN3 UHGBN4 Tsagaan KhadTKHGS TerminalGSTUHGUHGTKHTKHGSTTKHGSTGMTKHGMGST UHGKhangiKHA 147,373GS-GM23% MSEGM1,708.81,356.851.2MSEhttps://mse.mn/en/content/list/369GM1,277472983 GMGMKHAKHAUHG 4.2(i)2.5(ii)0.2(iii)1.2(iv)0.2 7.25.90.971.36 14,15475,080 17122.233.05 1325,320ISO 45001:2018(Ministry of Labor and Social Welfare) 0.7 ISO 45001:2018(IMS)AFNOR Group 541.1516.74.00.2 192.81.21.3 3.21.7 174.2161.8MSEGM Thiess Mongolia LLCThiessThiessThiessThiess 4.24.1 317.3291.6 275.2UHG42.1BN 19.217.5 0.90.51.96.4UHGTKH 65.441.8UHG-GSGM GMUHGTKH2407.46.8 30.829.510.63.91.5 15.712.8 4.34.3 20TKHGM12.013.3GST16.513.1 5%8%5%10%MSEMSE 9.98.3 UHGTKHGST7.76.0GM 7.9%11.5% 5.22.1GM 19.425.7(i)220,000,00012.5%(ii)(iii)(iv) 223.8225.1 5 EBITDAEBITDA 23.214.09.54.8Tavan Tolgoi TulshLLCTTT8.4TTT4.4 52.354.1 1. 94.4(i)54.6(ii)47.630.4EM(iii)EM6.0(iv)1.82.40.2(i)20.0(ii)14.6(iii)13.8(iv)0.8(v)88.8(vi)0.6 133.0136.6 EBITDA270.1EBITDA258.0 9.6%17.2% 91.478.2 BN5.0 120.673.3 220.0 10,000,00023,250,0003.2605,279,500 Mongolian Coal CorporationLimitedQuincunx (BVI) Ltd.Kerry Mining (Mongolia)LimitedBaruun NaranLimitedQGX Coal Ltd.BNBN6 36.991.433.7111.5 1.10.7 EnergyResources Rail LLC (i)EM 50% EMErdene ResourceDevelopment Corporation40,000,000EM 50%EM 18,6714,36516,0051,88225814 2,559812,285 (ii)20% Baruun Naran S.à.r.lBNSKEX20%88,810,000KEXKEXKEX80%20%KEX ISO 62 29.4 1.120.3 2410 Enkhtuvshin GomboUnenbat JigjidKhashchuluun Chuluundorj XV(i)XV78(ii)352(iii) 571XV(i)XV78(ii)352(iii) C3 XV23336 C1 (L)– (1)Odjargal JambaljamtsMCS Mongolia LLC58.02%MCS Mongolia LLCMCS Mining Group LLCMCSMining Group LLC323,492,188(2)Od JambaljamtsMCS Mongolia LLC30.58%MCS Mongolia LLCMCS Mining Group LLCMCS MiningGroup LLC323,492,188(3)1,047,756,286 17. (1)MCS Mining Group LLCMCS Mongolia LLCMCSMongolia LLCOdjargal Jambaljamts58.02%Od Jambaljamts30.58%MCS Mining GroupLLC323,492,188Od