On August 1, 2025, Otgonbayar Sh, CEO of “Tavantolgoi” JSC, which is listed in Tier I of the Mongolian Stock Exchange, presented the company’s operational and financial performance report for the first half of 2025.

Financial Performance in H1 2025:

Due to the decline in coal prices in the Chinese market, the company’s core operations experienced a temporary standstill starting from Q4 2024 and continuing into the first half of 2025. However, until the end of 2024, overall extraction remained stable, and the company had stockpiled approximately 2.1 million tons of coal.

Beginning August 2025, 50% of the company’s workforce has returned to active duty.

Key Performance Indicators (compared to the same period in 2024):

• Overburden removal: Decreased by 89.7%

• Coal extraction: Decreased by 98.3%

• Total mined volume: Decreased by 91.1%

Despite the downturn, under the “Law on the Exchange of Mining Products”, the company successfully traded 454,400 tons of coal worth USD 39,667,200 via the Mongolian Stock Exchange’s open electronic trading platform in H1 2025.

Although financial indicators declined compared to the same period last year, the company implemented cost-cutting measures and successfully generated a certain level of net profit for the first half of 2025.

Highlights of H1 2025:

• Ranked among Mongolia’s “Top-10” taxpayers

• Certified as one of Mongolia’s “Top-100 Enterprises” for the 13th consecutive year

• Recognized as the Best Regional Entrepreneurial Organization

• Named “Top Taxpayer” of Umnugobi Province

Click here to view the full half-year report of “Tavantolgoi” JSC (2025)
Click here to watch the live presentation via the official Facebook page of the Mongolian Stock Exchange

MONGOLIAN STOCK EXCHANGE