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.
Coking coal prices in its main market China have fallen about 25% in the last two years, increasing MMC's net loss to $58.1 million in 2013 from $2.5 million in the previous year and drawing attention to some of the debt repayments that the company has to make from next year.
In an interview with FinanceAsia in Hong Kong, Dr Battsengel Gotov, chief executive...
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