MONGOL MINING2023中期报告

中 期 報 告2023 59VIII474644424138VII33VI28V6IV5III4II3I40 Mongolian Mining CorporationMMC975MMCUmnugobiUkhaa KhudagUHGBaruun NaranBN I. II. 108 Odjargal JambaljamtsBattsengel Gotov Od JambaljamtsEnkhtuvshin GomboMyagmarjav Ganbyamba Battsengel Gotov Khashchuluun ChuluundorjUnenbat Jigjid Davis Polk & Wardwell3A10 Snow Hill Consultancy LLP6th Floor, Democracy PalaceGenden Street 16Sukhbaatar DistrictUlaanbaatar, 211213Mongolia Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands 3485 16th Floor, Central TowerSukhbaatar DistrictUlaanbaatar, 14200Mongolia 183171712-1716 www.mmc.mn 975 III. IV. COVID-195.5% 535.61.3%494.1495.943.633.530.1% 1.8%243.82.4%236.64.1 291.64.8%249.00.6% COVID-1945.626.174.7%22.3197.3%8.464.2%13.8 29.58.1 59223 A/89 6457:2023 1,100,000550,000 Ukhaa Khudag (UHG) 2,960UHGMV-011952UHG3020UHGJORC JORC 3D8916,9356,108 JORC •1,645208,211116,709HQ-363.196.091,502122 •43,656 •Polaris Seismic International LtdPolarisVelseis Processing Pty LtdVelseis71 •ALS JORC1 Lkhagva-Ochir SaidUHGUHGJORC JORC JORC (i)UHGByambaa BarkhasBarkhasAusIMM#31819813(Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves)JORCBarkhas1UHG(Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves)JORC (ii)Lkhagva-Ochir SaidSaidAusIMM#31600515(Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves)JORC Baruun Naran (BN) BNBaruun Naran LimitedQGX Coal Limited4,482MV-014493BN308,340MV-017336THG3020 BNTHGJORCBNTsaikhar KhudagTHG BN8,335.4H3,766BNTHGTHG •BN13536,87516,102HQ-39,640PQ-383.0122.611,133122•THG32THG9,9705,900HQ-33,610PQ-3460122•12,502(BN)3,824(THG)•VelseisPolarisBN75 Lkhagva-Ochir SaidJORC BNTHG235% Ukhaa Khudag (UHG) Glogex Consulting LLCGlogexUHGJORCJORCJORC •AMC Consultants Pty LtdAMCJohn LatillaJORC •JORC0B0AU •UHG •UHG 43.64%2.68%UHGJORC (i)4(Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves)JORCUHGNaranbaatar LundegAusIMM#326646Glogex21JORCLundeg Baruun Naran (BN) BNGlogexBNJORC •AMCJohn Latilla360•Norwest CorporationJohn Trygstad•• JORCBN51.8%2.62% (i)5(Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves)JORCBNNaranbaatar LundegAusIMM#326646Glogex21JORCLundeg (ii) 8.06.71.3UHGBN 27.1UHG4.1BN9.67.2 UHGBN1 6.85.61.2UHGBN3.01.246%16% UHGBN2 120,197GS-GM238.2% UHGTKHTKHGSTKHTKHGMTKHGMGSUHGKhangi 4.5(i) 2.8(ii) 0.4(iii) 1.3 5.92.31.360.0 18123.050.0 11,88949,157 ISO45001:2018AFNOR Group TKHTKHTKHTKHGSGSGMGMGMGMGMKhangiKhangiUHG 0.3 4.9419.4%(i) 3.22.80.4(ii) 1.7 (i)(ii)(iii)(iv)(v) GS-GM4.9516.70.9106.5385.0%3.22.80.41.7 161.8141.3COVID-1912COVID-19250108 10.0%123.410.0%24.819.513.2 291.624.4 244.0UHG47.6BN 4.13.9 17.516.8 29.57.311.03.61.4 4.34.6 8. 8.31.6 UHGTKH GS6.03.7 41.831.5UHG-GS GMUHGTKH2406.88.8 20TKHGMGS13.344.413.140.2TKH 0.50.16.40.7UHGTKH 12.86.2 5%8%5%10%11.5%21.7% 225.119.9 EBITDA/LBITDAEBITDA/LBITDA EBITDA258.0LBITDA8.7 2.10.6GMGM 14.07.4Tavan Tolgoi Tulsh LLC231.35.3 25.724.6(i)343,249,0009.25%(ii)(iii)23.018.27.5 28,978,00033,160,000 3,970,000 54.122.4 136.632.4 17.2%24.3% 343.2 11.995.04.487.7 95.053.540.5 153.621.5 Mongolian CoalCorporation LimitedQuincunx (BVI) Ltd.Kerry Mining (Mongolia) LimitedBaruunNaran LimitedQGX Coal Ltd.BNBN6 BN5.0 10,000,00023,250,0003.260 0.7 Erdene Mongol LLCEMErdene Resource Development Corporation40.0EM50%EM10.030.0EMEM S251,029,00075%175,713,00015,000,00084,220,000 Energy Resources LLCERMorgan Stanley & Co. International plcER4,287,00012.50%ER180,000,000175,713,0004,287,000 2,2851,783 14,54523011,4112,904 ISO 20.310.3 Enkhtuvshin GomboUnenbat JigjidKhashchuluun Chuluundorj V. 1233315 0.242.70 UHG Towards Sustainable MiningTSM TSM2024TSM TSMTSMMAC200413200TSM(COI)TSMTSM TSM TSM TSMMACMAChttps://mining.ca/companies/mongolian-mining-corporation/TSM TSM VI. 571XV(i)XV78(ii)352(iii) (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 LLCMCSMining Group LLC323,492,188 (L) – XV(i)XV78(ii)352(iii) XV23336 (1)MCS Mining Group LLCMCS Mongolia LLCMCS Mongolia LLCOdjargal Jambaljamts58.02%OdJambaljamts30.58%MCS Mining Group LLC323,492,188Odjargal JambaljamtsOd Jambaljamts46,164,75426,576,226Batmunkh DashdelegOdjargal JambaljamtsMunkhsuren SurenkhuuOd Jambaljamts(2)(a)KMUHGKMMKMMFexos59.04%FexosKMMFexosKMUHG75,000,000(b)Alpha Model LimitedAML7,821,187AMLAML7,821,187 13.51B(1) 10 10,000,00023,250,0003.2603.260 102,918,67869,668,678 3.19% 25 25% 1. (1)25%(2)25%(3)25%(4)25% 3.(i)(ii)1%(iii) Mongolian Mining CorporationOdjargal Jambaljamts VII. Mongolian M