Mongolia Energy Corporation Limited
MOAEY
Other OTC0.42
USD
- -
- -
ISIN
US60936Y2072
CUSIP
60936Y207
Return %
Stock
S&P500
1Y
36.25
19.25
3Y
3.44
65.11
5Y
-32.10
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Lin Shing Lo
- Full Time Employees
- 777
- Sector
- Energy
- Industry
- Coal
- Address
- 118 Connaught Road West Hong Kong Hong Kong
- IPO Date
- Dec 3, 2014
- Website
- mongolia-energy.com
- Similar Companies
- Business
- Mongolia Energy Corporation Limited is a Hong Kong-based investment holding company principally engaged in coal mining, coal product production and sales, coal transportation, and coal processing services. The company’s core products include cleaned coking coal and steam (thermal) coal, which it mines and sells primarily through its principal project, the Khushuut coking coal mine located in Western Mongolia’s Gobi Altay region. In addition to coal mining and sales, Mongolia Energy operates coal washing plants and provides advisory, management, secretarial, and nominee services related to mining operations. The company also offers coal transportation services and engages in mineral exploration and trading activities in Hong Kong, Mongolia, and China. Founded in 2006, Mongolia Energy is headquartered in Hong Kong. Recent major company developments include Mongolia Energy’s acquisition of a 65% equity stake in Zhen Robotics for CNY 32.5 million, marking a strategic diversification into robotics-related technologies. The company also continues to expand its mining concessions, having secured further mining areas in Western Mongolia totaling approximately 66,000 hectares, effectively doubling its exploration and resource base in the region. MEC is actively pursuing potential acquisitions and joint ventures, particularly targeting energy and resource projects in Xinjiang, China, where it aims to establish a foothold with an initial 20% stake in a joint venture. This expansion complements its existing mining and coal operations and reflects a strategic move to broaden its resource portfolio. Mongolia Energy is currently navigating challenging market conditions, with recent reports indicating a significant drop in gross profit expected for the six months ending September 30, 2025. This is attributed to a decline in the selling price of coking coal, which has negatively impacted the recoverable value of the company’s mining assets. Despite these financial challenges, Mongolia Energy maintains a diverse operational scope that supports its positioning within the coal and energy resources sector across the Greater China and Mongolian regions. The company employs around 875 personnel and leverages its mining concessions, processing facilities, and logistics infrastructure to serve major steel and coke producers in China. Mongolia Energy Corporation Limited operates mainly in the fossil fuels and energy sector, focusing on coal resources with a portfolio that includes coking and thermal coal products supplied to customers in China and Mongolia. The company’s strategic initiatives in expanding its resource base, forging partnerships for technology integration, and exploring new acquisitions underscore its efforts to strengthen its comprehensive coal mining, processing, and resource management business model.