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[Brokerage Focus] Shanxi Securities pointed out that the May supply and demand data of coal basically met expectations, and the demand side is expected to improve in the future.
Jingu Finance News | Shanxi Securities stated that the coal supply and demand data in May basically met expectations, and the demand side is expected to improve subsequently. With strict and normalized safety monitoring in coal-producing areas and increased inspections and maintenance, the supply of coal-producing areas is limited. The Shanxi Conference has raised expectations for resumption of production, and the daily output may improve subsequently. In terms of demand, the overall weakening of high temperature weather has limited the boost to thermal power load, and non-electric industries are still in the inventory replenishment stage in May. However, at the same time, the new energy fund and the increase in output of southern hydropower have affected the incremental demand for coal, and the inflow of coal to the port continues to be greater than the outflow, resulting in an increase in inventory. Overall, the domestic port thermal coal prices have slightly increased month-on-month. As for coking coal and
Retail Investors Among Mongolian Mining Corporation's (HKG:975) Largest Stockholders and Were Hit After Last Week's 4.8% Price Drop
Key Insights Significant control over Mongolian Mining by retail investors implies that the general public has more power to influence management and governance-related decisions The top 4 sharehold
Mongolian Mining Completes 20% Equity Interest Disposal
Mongolian Mining (HKG:0975) and its unit Baruun Naran S.a.r.l (BNS) completed the proposed disposal of Khangad Exploration's (KEX) 20% equity interests to Jiayou International Logistics for a purchas
MONGOL MINING completes sale of 20% equity in KEX.
MONGOL MINING (00975) announced that the company and BNS (as sellers) intend to sell 20% equity in KEX to jiayou international logistics co., LTD. (JIA) (as the buyer). As of the date of this announcement, all prerequisites under the share purchase agreement for delivery have been fulfilled, and delivery has occurred. After delivery and as of the date of this announcement, the company (through its indirect wholly-owned subsidiary BNS) and JIA each hold 80% and 20% equity interest in KEX, respectively. KEX remains a subsidiary of the company.
As a result of acquiring equity, a total of 116,000 shares were issued by MONGOL MINING (00975).
MONGOL MINING (00975) announced that on June 3, 2024, the company will...
MONGOL MINING (00975.HK) has signed a marketing agreement with Jiayou.
MONGOL MINING (00975.HK) announced on June 3rd that the company has signed a ten-year marketing agreement with Jiayou which will take effect at the beginning of delivery date on February 21, 2024. As the delivery has already occurred on the date of this announcement, the marketing agreement and its proposed transactions have become the company's ongoing related transactions. According to the marketing agreement, the group is required to supply and Jiayou Group is required to purchase 1.5 million tons of coal products (including (1) hard coking coal, (2) semi-soft coking coal, (3) washed thermal coal or any other coal products agreed upon by both parties) each year within the first five years after delivery begins; and
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