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Welcome to a New Week! 📅 September is here!
The 2025 academic year has officially begun, and there are only three months left until the year comes to a close. Have you accomplished your financial goals yet? If not, we are ready to offer you one of the highest-coupon investment opportunities available in the capital market. 📈💰
📰 Today’s Edition Features the Following Headlines:
📉 Mongolian Mining Corporation Sees Revenue Drop, Shares Rebound 92% ⛏️
⛏️ Erdenes Tavan Tolgoi Surpasses Half-Year Sales in Just One Month 💰
Delivering key insights from the stock markets and the economy. 🤗
As of August 2025, the S&P 500 was up by +1.40%, the Nasdaq 100 gained +1.69%, while Bitcoin fell by 6.43%, while ArdCoin declined by 1.91%.
A total of ₮9.1 billion worth of trades were executed on the Mongolian Stock Exchange, of which ₮1.8 billion or 19.8% was contributed by Ard’s publicly listed companies.
📊 Stock Market News: ⛏️ Mongolian Mining Corporation Sees Revenue Drop, Shares Rebound 92% 📉
🤔 What happened? Mongolian Mining Corporation (MMC), listed on the Hong Kong Stock Exchange, reported USD 346.6 million in revenue for the first half of 2025, marking a 35.9% decline year-on-year.
📉 Coal sales and price impact
During the reporting period, MMC sold 4.2 million tons of coal products, roughly in line with the same period in 2024. However, lower coal prices significantly reduced the company’s sales revenue, underlining the vulnerability of its performance to commodity price fluctuations.
📌 Market conditions and outlook
Although the coal market remained weak in the first half of the year, MMC highlighted that market conditions have started to improve since Q3 2025. The company also emphasized a positive outlook tied to the near-term commencement of gold production at the Bayan Khundii project.
🌟 Strategic investments
MMC has invested in Erdene Resource Development, which is targeting first gold production from the Bayan Khundii project within Q3 2025. This diversification into gold mining is expected to strengthen MMC’s long-term growth prospects.
📈 Share price performance
After a sharp decline in the first quarter of 2025, MMC’s share price has since rebounded strongly, recovering all earlier losses and surging by more than 92% since April.
👀 In summary: MMC’s H1 2025 results were weighed down by weaker coal prices, but improving market conditions and the upcoming start of gold production at the Bayan Khundii project provide a more optimistic outlook. The company’s share price rebound of over 90% since April reflects growing investor confidence in its diversified growth strategy.
🔙 THE MONTH IN REVIEW
Ard Credit: Ard Credit NBFI Secures USD 5 Million Debt Financing from Japan’s Bankers Crowd Credit to Accelerate Growth and Financial Inclusion in Mongolia.
The Mongolz: The MongolZ are the EWC 2025 champions after sweeping Aurora 3-0 in the grand final, adding the Turkish team's scalp to their belt after also beating GamerLegion, 3DMAX, and Vitality in the single-elimination bracket.
TMK Energy: TMK Energy Successfully Completes Drilling of the Seventh and Final Well at the “Gurvantes XXXV” Coal Seam Gas Project
Mongolia’s Inflation Hits 8.1%: Mongolia’s annual inflation rate stood at 8.1% in July 2025, reflecting continued price pressures in the economy. Rising costs in food, housing, and imported goods remain key contributors to overall inflation.
Mongolia & Japan Housing Finance Pact: The Mongolian Mortgage Corporation (MIK) has signed a cooperation agreement with the Japan Housing Finance Agency (JHF) aimed at strengthening collaboration in housing finance.
Suu JSC to Issue Bonds with 17% Coupon Rate: Suu JSC has received approval from the Financial Regulatory Commission of Mongolia (FRC) earlier this month to issue new bonds. The securities will be traded on the Ulaanbaatar Securities Exchange (UBX).
🗄️ TOP EARNINGS
SUU: Suu JSC has approved a dividend payout of MNT 2.06 billion from its H1 2025 net profit, equivalent to MNT 6 per share. Shareholders of record as of September 26, 2025, will receive their dividends by December 31, 2025.
APU: APU JSC one of the most consistent dividend-paying companies on the Mongolian stock market, has declared a dividend of MNT 65 per share, totaling MNT 69.1 billion, based on its financial results for the first half of 2024.
MSE: The Mongolian Stock Exchange JSC (MSE) reported a net profit of MNT 12.0 billion in the first half of 2025, a decline of MNT 5.8 billion or 33% year-on-year. The drop was mainly driven by weaker trading revenue, particularly the sharp contraction in coal trading, with EPS falling to MNT 34.4.
📈 Economic News: ⛏️ Erdenes Tavan Tolgoi Surpasses Half-Year Sales in Just One Month 💰
🤔 What happened? Following the Government’s decision to appoint a Special Representative team and impose a special regime on Erdenes Tavan Tolgoi JSC, the company’s mining, transportation, sales, and overall operations have quickly resumed.
📌 Trading on the Commodity Exchange
In the first half of 2025, the company organized a total of 85 electronic open auctions, of which 65 failed, and only 1.3 million tons of coal were sold through the remaining 20 auctions.
In contrast, between July and August 11, Erdenes Tavan Tolgoi managed to sell 1.4 million tons of coal through just 23 auctions, already surpassing the entire first-half sales volume.
📈 Coal export volumes picking up
Coal exports through the Mongolian Commodity Exchange had steadily declined since the beginning of the year, bottoming out at 132.8 thousand tons in June. However, in July, sales rebounded sharply to 268.7 thousand tons, effectively doubling from the previous month.
💰 Revenue performance
In June 2025, Erdenes Tavan Tolgoi recorded inflows of USD 90 million.
During July and the first 10 days of August, revenues surged to a combined
USD 210 million, reflecting a significant turnaround in the company’s cash flow.
👀 Finally.. The special measures introduced by the Government have brought a rapid recovery in Erdenes Tavan Tolgoi’s operations, with coal sales and revenues rebounding strongly. Within just one month, the company’s trading volume exceeded its results for the entire first half of 2025, underscoring renewed momentum in Mongolia’s coal exports.
World economic and Stock market News in 5 minutes