YAK.V - Mongolia Growth Group Ltd.

TSXV - TSXV Delayed Price. Currency in CAD
+0.01 (+1.69%)
At close: 3:06PM EST
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Previous Close0.29
Bid0.29 x 0
Ask0.31 x 0
Day's Range0.29 - 0.30
52 Week Range0.28 - 0.47
Avg. Volume10,007
Market Cap10.13M
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters6 months ago

    China's Shenhua suspends two coal mines, Mongolia set to benefit

    China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia. Shenhua Energy, the listed unit of the state-owned Shenhua Group, China's biggest coal producer, announced on Thursday that the Ha'erwusu and Baorixile mines in Inner Mongolia had been temporarily suspended as a result of "land requisition" delays. Although the suspensions were unlikely to cause Shenhua to miss targets for 2017, the company's volume of "self-produced coal" was expected to take a hit, it said, and profits were likely to fall by around 3.1 billion yuan ($461.44 million) for the whole of 2017.

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