Accra:Mongolian Mining Corporation's washed coking coal sales dropped 26 percent quarter-on-quarter to approximately 1,996.9 kilotonnes in the third quarter ended September 30. This decline occurred despite a strong rebound in coking coal prices in China due to tighter domestic supply.

According to BERNAMA News Agency, sales were also down 13 percent from 2,303.2 kilotonnes compared to the same period a year earlier. The number of coal trucks crossing the Ganqimaodu border point into China averaged 897 per operating day during the quarter, which was 34 percent and 29 percent lower than the averages of 1,366 and 1,270 trucks in the second and first quarters, respectively.

The year-to-date average of 1,177 trucks per operating day, however, showed a 15 percent increase over the 2025 full-year average of 1,023. Combined output from Mongolian Mining's Ukhaa Khudag and Baruun Naran mines indicated raw coal mined increased by eight percent quarter-on-quarter and 33 percent year-on-year to 4,791.2 kilotonnes.

Coking coal processing dropped six percent from the previous quarter to 4,253.2 kilotonnes but rose 13 percent year-on-year. Washed coking coal production decreased 11 percent quarter-on-quarter to 2,503.1 kilotonnes, though it was up 19 percent from a year earlier.

In its Bayan Khundii gold mine, the company reported a 68 percent quarter-on-quarter rise in ore mined to 414.9 kilotonnes, a seven percent increase in ore processed to 164.5 kilotonnes, and a one percent uptick in gold sales to 11,853 ounces. However, the average realized gold price fell four percent quarter-on-quarter to US$4,315 an ounce, still 13 percent higher than the US$3,805 recorded a year earlier.

Mongolian Mining Corporation conducts its coking coal sales through auctions on the Mongolian Stock Exchange.