Mongolian Mining faces looming debt challenge

The company's CEO Dr Battsengel Gotov says he is counting on a modest rebound in coking coal prices to help assuage the situation.

Hong Kong-listed Mongolian Mining Corp, which operates two coal mines in Ukhaa Khudag and Baruun Naran, both located in the Southern Gobi province of Mongolia, is faced with a looming debt challenge amid a slump in coking coal prices.

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