Mongolian Mining Corporation provided earnings guidance for the six months ended June 30, 2017. For the period, the company is expected to record a consolidated profit attributable to the equity shareholders of the company of between approximately USD 250 million and USD 375 million as compared to USD 61.7 million loss attributable to the equity shareholders of the company over the same period in 2016. Such profit is primarily attributable to: improved coking coal market condition resulting in higher revenue generated by the Group for the six months ended 30 June 2017 as compared to the same period in 2016 by increasing coal product tonnages sold; and average selling price achieved; and the successful implementation and completion of the Debt Restructuring by the company as described in the company's announcements dated 5 May 2017, 5 June 2017 and 9 June 2017 which have resulted in an extraordinary gain.