Mongol Mining's (HKG:0975) UHG achieves 2011 output target


MONGOLIAN Mining (00975.HK) announce that its mine operating at the Ukhaa Khudag deposit located in the Tavan Tolgoi coalfield (the UHG deposit) has achieved its 2011 annual production target of 7 million tonnes of run-of-mine (ROM) coal. The mine located in the UHG deposit has surpassed its 7 million tonnes annual production target by 23 December 2011.

The company considers this is a significant achievement compared to its coal production of approximately 3.9 million tonnes in 2010. Moreover, as last quarter's average monthly production at the UHG deposit reached approximately 900,000 tonnes of ROM coal, the company is confident that it will be able to achieve its target of approximately 10.7 million tonnes by 31 December 2012.

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