Companies·Coal
Energy Resources LLC (Mongolian Mining Corporation)
Mongolian private
Mongolia's largest private coal company. Mines Ukhaa Khudag in the Tavan Tolgoi area and washes its coking coal for export. Its parent is listed in Hong Kong.
Owners
- Odjargal Jambaljamts (chairman, largest shareholder)share not published
- Kerry Group (Hong Kong)share not published
- Sector
- Coal
- Mines and assets
- Ukhaa Khudag, Baruun Naran (Umnugovi); Bayan Khundii gold (joint venture)
- Products
- Washed coking coal, gold
- Stock exchange
- Hong Kong Stock Exchange, 975 (since 2010)
Rankings
#4
Largest taxpayers, 2024
#4
TOP-100 enterprises, 2025
Key facts
| Measure | Value | Year |
|---|---|---|
| Revenue | US$823.4 million (2024: 1,039.9 million)Mongolian Mining Corporation — 2025 annual results (17 Mar 2026) ↗ | 2025 |
| Profit for shareholders | US$6.1 million (2024: 242.0 million)Mongolian Mining Corporation — 2025 annual results (17 Mar 2026) ↗ | 2025 |
| Coal sold | 10.1 million tonnes, at US$82.2 a tonne on averageMongolian Mining Corporation — 2025 annual results (17 Mar 2026) ↗ | 2025 |
| Taxes paid to the budget | over MNT 600 billion; about 2.6 trillion over 16 yearsikon.mn — main taxpayers of 2024 (8 May 2025) ↗ | 2024 |
| Employees | 2,372Wikipedia — Mongolian Mining Corporation (citing its annual reports) ↗ | 2023 |
How its money reaches citizens
Through taxes and royalties to the budget, and special royalties from private miners to the Savings Fund. Its profits go to its shareholders.
Sources
- Mongolian Mining Corporation — 2025 annual results (17 Mar 2026) ↗
- Wikipedia — Mongolian Mining Corporation (citing its annual reports) ↗
- ikon.mn — main taxpayers of 2024 (8 May 2025) ↗
- ikon.mn — General Department of Taxation, top taxpayers of 2024 (5 May 2025) ↗
- Mongolian Mining Journal — TOP-100 enterprises of 2025 (16 Jun 2026) ↗