MONGOL MINING年度报告 2024

MMCMMC Mongolian Mining CorporationMMC975OTCQXMOGLFMMCUmnugobiUkhaa KhudagUHGBaruunNaranBN MMCMMC MMCErdene Mongol LLCEM50%EMBayan KhundiiBKHBayankhongorBKH MMCMMC MMCMMC MMCMMC MMCMMC Gotov52GotovEnergy Resources LLCEREnergy Resources Corporation LLCERKhangad Exploration LLCKEXKEXGotovMongolian Coal Corporation LimitedMongolian Coal Corporation S.à.r.l.Baruun Naran S.à.r.l.AGotovMongolian Mining Corporation Pte. Ltd.Energy Resources Rail LLCGotovKEXGotovMCSUniversity of CologneAlexander von Humboldt FoundationUniversity of CologneGotov(Mongolian BasketballAssociation NGO)Gotov Jambaljamts59JambaljamtsJambaljamtsMCS Holding LLCMCS Mongolia LLCMCSJambaljamtsStarainLimitedMCS Global LimitedMCS(Mongolia) LimitedNovelInternational Investment LimitedNovel Holdings Group LimitedMCS Mining Group LimitedJambaljamtsOd JambaljamtsJambaljamtsHydropower LLCEgiin RiverJambaljamtsMaastricht School of Management BATTSENGEL GOTOV ODJARGAL JAMBALJAMTS OD JAMBALJAMTS60 JambaljamtsJambaljamtsMCSMCSMCSMongolia LLCJambaljamtsJambaljamts20JambaljamtsOdjargal JambaljamtsJambaljamtsMCS Global LimitedMCS (Mongolia) LimitedMCS Mining Group LimitedTrimunkh LimitedJambaljamtsJambaljamts ENKHTUVSHIN GOMBO53 GomboGomboMCS Holding LLCMCS Mongolia LLCGomboMCS Holding LLCGomboMCS Holding LLCMCSGomboGombo MYAGMARJAV GANBYAMBA40 GanbyambaGanbyambaMCSInterpress LLCAnun LLCMCS Holding LLCGoyo LLCUnitel GroupMCS Ventures LLCGanbyambaMCS Investment LLCGanbyambaGanbyamba UNENBAT JIGJID62 JigjidJigjidJigjid(Bank of Mongolia)Jigjid(Mongolian Bankers Association)Resources Investment CapitalJigjid(Bank of Mongolia)Jigjid(Open Society Forum)JigjidAPU JSCMSEGolomt BankMSEJigjidMongolia Telecom JSCMSEJigjidJigjid(International Bank for Economic Cooperation)Jigjid KHASHCHULUUN CHULUUNDORJ58 ChuluundorjChuluundorj(National University of Mongolia)(Department of Economics)(Academic Council)(Mongolia Oil Shale Association)Chuluundorj(Long-term Development Strategy for Mongolia for 2016-2030)Ulaanbaatar City Development CorporationErdenes MGL LLC(National Development and Innovation Committee of Mongolia)(Development Bank of Mongolia)(Central Bank of Mongolia)Chuluundorj(President’s Economic Advisory Council)(Policy Council of the Ministry of Trade and Industry)(Law on Concession)(Law on Innovation)(Law on Economic Development Planning)Chuluundorj(Law on Budget)ChuluundorjMIK Holding JSCMSEUlaanbaatar Development Corporation JSCMSEPractical Insurance LLCMMFG GroupInvescore Financial GroupInvescore NBFIMSEChuluundorj 68Larry Jewelry International Company LimitedCVC Capital Partners LimitedRizal CommercialBanking Corporation (RCBC)Affin Holdings BerhadAffin Bank Berhad Affin Holdings BerhadAffin Bank BerhadPRASAC Microfinance Institution DELGERJARGAL BAYANJARGAL52 BayanjargalBayanjargalZes Erdeniin Huvi LLCBayanjargalM Bank Closed JSCMCS Holding LLCMCS Mongolia LLCBayanjargal(University ofFinance and Economics)(Institute of Finance and Economics)BayanjargalMSELendMN NBFI JSCTenger Insurance LLCBayanjargalMSEMIK Holding JSCMortgage Corporation HFC LLC (MIK HFC)(Development Solution NGO)(Quality Supplier Development NGO)(UnitedStates Agency for International Development)USAIDBayanjargalAnd Systems LLCLendMN NBFI JSCTengerInsurance LLCBayanjargalXacBankMSEBayanjargalMSEKhugjliin Altan San NBFIXacBank TSEND-AYUSH TUVSHINTUR54 TuvshinturTuvshintur(Corporate Governance Development Center)CGDCMIK HFCMIK ASSET SPC LLCTuvshintur(National University of MongoliaNUM)NUMTuvshintur(University of Finance and Economics)UFEUFEUFEUFECGDCMBA(Joint MBA Program in Corporate Governance)TuvshinturCGDCInformation Communications Network LLCMongol Basalt JSCMSETuvshintur(International FinanceCorporation)IFCUSAID(Ministry of Finance of Mongolia)(State Property Committee)TuvshinturNUMMSE20(Financial Regulatory Commission of Mongolia)FRCMSEIFCCGDCMSE20FRCDeutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbHTuvshintur 59Vistra30• Dorjpalam43ERKEXDorjpalamUnited Power LLCUkhaa Khudag Water Supply LLCTavan Tolgoi AirportLLCTavan Tolgoi Power Plant Water Supply LLCDorjpalamMCSUnitel GroupDorjpalam Lkhagvatsend48LkhagvatsendEMLkhagvatsend18LkhagvatsendNewcom GroupEznis Airways LLCEnergy Resources Rail LLCLkhagvatsend OYUNBAT LKHAGVATSEND ENKHBAT DORJPALAM Baskhuu46BaskhuuEnergy Resources Rail LLCBaskhuuBaskhuu Dorjgotov61DorjgotovMCS Holding LLC(USAID)Bearing Point, Inc.Barents Group69Dorjgotov UURTSAIKH DORJGOTOV 52512047% UHGBN16.315.38.47.9 10EBITDA500250 27%EMBKHBKH85,000200 Universal Copper LLCUCCUCCWhite HillWHTWHT 2,500 Odjargal Jambaljamts 489.3492.60.7%470.62.4%459.18.98.3 1,022.51,005.11.7%1,882.653.4% 122.3102.519.3% 110.722.7% 587.80.6%473.03.7% 71.3%5.2%56.8 928.0 WGC2,609.120.6%WGC44%26%23% ETF 1,000333 WGCWGC1,000 16.58% (ETF)58.577.1 170362120CCGSGM (Law on the National WealthFund)(i)(ii) 5020%MNS6457:2023 5.450% 03792,000660,0001,584,000 GS-GMGS-GM (i)(ii)4725% 2410%0% 242920%920% (i)(ii) (iii)(iv)(v) EM 6