MONGOLIA ENERGY (00276) Constructs Dust Suppression Wall at New Customs Supervised Stockyard of Khushuut Coal Mine

Stock News11-28

MONGOLIA ENERGY (00276) announced that on July 22, 2025, MoEnCo signed a contract with a contractor for the construction of a dust suppression wall at the new customs supervised stockyard of the Khushuut Coal Mine, with a cost of 2.689 billion Mongolian Tugrik (approximately HKD 5.863 million). The trial operation of the smart coal washing plant caused delays in the construction progress of the dust suppression wall. As MoEnCo aims to complete the construction by early next year, the company and the contractor signed a variation order on November 28, 2025, to modify the terms, allowing winter construction to continue. The additional cost for this variation is 784 million Mongolian Tugrik (approximately HKD 1.7093 million). Including the variation order, the total cost of the project amounts to 3.44 billion Mongolian Tugrik (approximately HKD 7.5724 million).

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