Update on MMC and Mongolian Coal Miners, April 2014

After the news that MMC will extend the maturity of a note due March 30, major international media have written articles regarding the challenges that the company faces. As MMC is considered to be the best coal player in Mongolia, their problem will impact others. Therefore, we have decided to write on this topic this week. These challenges include

1.    Ongoing weak coal market and China’s coal policy to rely more domestically

2.    The disastrous situation in Inner Mongolia

3.    Difficulties for MMC to cut costs without relying on CAPEX

4.    Achieving sufficient cash flow to pay back debt within short period of time

5.    Establishing competitive edges with other coal miners in the world

6.    Increasing the stock and bond price of MMC


Download full PDF report from the following link:

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