Mongolian Mining Corporation provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a consolidated profit attributable to the equity shareholders of the company of between approximately USD 220 million and USD 240 million as compared to approximately USD 59 million of consolidated profit attributable to the equity shareholders of the company over the same period in 2022, representing a year-on-year increase of approximately 270% to 300%. Such profit is primarily attributable to increase in washed coking coal sales volume and improved average selling price resulting in higher revenue generated by the Group for the fiscal year 2023 as compared to 2022.