JD.com, Inc. JD

SOUTHGOBI a holding by JD, in HKG 1878, Wins tax appeal! Jumps 10%!!

JD.com’s subsidiary substantial holding as major shareholder SGQ.com!!!

November 26. 2024
Currently, unwashed Mongolia #5 coal is trading between Yuan 800-850/mt ($115-$122/mt) ex-washplant at Inner Mongolia. Washed Mongolia #5 coals at Jingtang port are offered at around Yuan 1,250/mt DDP Tangshan,
SOUTHGOBI.com should benefit. 1878.HK or SGQ.V Toronto!

Nariinsukhait is site of SouthGobi coal mines. Only 50km from CEKE Port in China. See map.
According to the 2021 report of the Mineral Resources and Petroleum Authority of Mongolia, 44 mines owned by 40 coal companies are active in our country. Of these, 29 mines produce hard coal, and 15 mines produce lignite. Among these mines, the Tavantolgoi mine in Umnugobi aimag and the mines of the Nariinsukhait group of deposits account for most (90%) of the exports. Baganuur and Shive-Ovoo mines do not export coal but use all of it for domestic consumption.

Among the companies that export coal, companies such as Energy Resources LLC, SouthGobi Sands LLC and MoEnCo LLC export concentrated coal..

Looking at coal exports by border crossings, the Gashuunsukhait and Shiveekhuren border points in Umnugobi aimag account for more than 90% of all coal exports. These border points are closest to the Tavantolgoi and Nariinsukhait deposits, so they have become major export gateways.

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