MMC is a leading Mongolian coal mining company with world class coking coal reserves located in close proximity to China. It is currently the largest producer and exporter of coking coal in Mongolia, with rapid production growth secured by long-term sales contracts. MMC has a low-cost operations and strategic location that allows it to be a key supplier to China's growing steel industry. The company is developing its projects according to international standards and aims to be Mongolia's national mining champion.

1. Company Presentation
Strictly Private and Confidential
October 2010
(HKEx: 0975)

2. 1. Company Overview

3. 631887
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500
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200
300
400
500
MMC SG Q MA MEC Hidili Fushan
World class hard coking coal reserves closely located to China
Company Overview – Mongolian Mining Corporation (“MMC”)
Hard Coking Coal Resources Closely Located to China One of the Largest Mongolian Hard Coking Coal Resources
Item Bowen Basin Moatize Basin
Ash % (ad) 9.1 8.5 10.5
Sulphur % (ad) 0.60 0.53 0.85
CSN 8.5 7.3 9.0
Ro
max % 1.23 1.12 1.31
(3)
(1)
(2)
Source: Mozambique, and Bowen Basin source: Wood Mackenzie. MMC source: Norwest ITR.
Notes:
(1) Average of seams 0C, 3A, 4A and 4C on a washed coal basis.
(2) Average of Goonyella, Oaky Creek, Poitrel and Blackwater mines.
(3) Average of Moatize and Benga mines in Mozambique.
High Quality Hard Coking Coal Product
Tavan Tolgoi Fault
Tsankhi Coalfield
Tavan Tolgoi SynclineSouthwest Coalfield
Borteeg Coalfield
UHG Coalfield
Ukhaakhudag Syncline
Bortolgoi Coalfield
Eastern Coalfield
Tavan Tolgoi Anticline
Coal Bearing Strata
Current
Mining
Area
DalanzadgadOvoot tolgoi
Zuunbayan
46 km 225 km
Khangy Mandula
Gashuun Sukhait
/ Ganqimaodu
Shiveehuren Ceke
Jinquan
Linhe Xixiaozhao
Baotou
Hohhot
Bayan obo
Bayan hua
Mongolia
0 200
Kilometers
Planned Railway
Existing Railway
UHG
Ukhaa Khudag (“UHG”)
2
(Mt) Mongolia China
Source: Company filings
Notes:
(1) In accordance with the JORC code; Data from prospectus.
(2) In accordance with the Canadian NI 43-101 standards; Data from 2010 June Investor Presentation.
(3) In accordance with the Canadian NI 43-101 standards; Data from Baruun Naran pre-feasibility study dated 20 March 2008.
(4) Data from company website.
(5) Data from MEC August company presentation.
(6) In accordance with a mix of JORC code and Chinese standards. Data from 2009 Annual Report.
(7) In accordance with a mix of JORC code and Chinese standards. Data from Jan 2010 corporate presentation.
Resources Comparison
(1) (7)(6)
Fushan
(5)(2) (3) (4)
114
286
China

4. 15.2
14.7
10.7
7.0
3.8
1.8
0
4
8
12
16
2009 2010E 2011E 2012E 2013E 2014E
Contracted Sales Un-secured Sales
(ROM Mtpa)
2.6
2.1
2.9
1.1
0.9
0
1
2
3
M ST MAK Qinghua-MAK SG
Company Overview – Mongolian Mining Corporation (“MMC”)
Largest HCC Producer and Exporter In Mongolia
(ROM Mt)
53%
CAGR
Coking Coal Hard Coal
Export – Proxy of Production (Jan – Aug 2010) (1)
Source: Mongolian General Customs Office and company filings.
Notes:
(1) Jan – Aug 2010 coal export from the Mongolian General Customs Office.
Rapid Production Growth Secured by Offtake
Already the largest hard coking coal producer with rapid growth and secured sales
MMC Small TT SouthGobiMAK
Ramp-up plan committed and publicly announced by
Leighton
3

5. Shareholding Structure Post HK IPO(1)
MONGOLIAN MINING CORPORATION
(Cayman Islands) (HKSE Stock Code: 975)
100.0%
UHG Mining
Offshore
Onshore
Public
Float
MCS Petrovis Shunkhlai EBRD Kerry
45.3% 11.8% 5.1% 3.2% 8.3% 6.3% 20.0%
Note: As at September 2010.
(1) Excluding greenshoe.
Support from Shareholders
Proposed
Railway
Wash Plant Power Plant
Trucking
Operations
Paved Road
Public
Float
Energy Resources LLC
Supported by blue chip shareholders with diversified backgrounds
Global vision
Local network
Industry expertise
Alternative
financing solutions
4

6. MMC’s Strategies
To develop MMC into a leading mining company in Asia
Improve our transportation infrastructure
Optimize existing resources and reserves
Exploration and acquisition as an established Mongolian mining company
Mongolian Mining
Corporation
5
Expand coal mine production
Complete construction of our coal handling and washing plant
Continue to develop and diversify our long-term customer base and establish our own brand
Strong commitment to corporate social responsibility

7. Company Highlights
Mongolian Mining
Corporation
Highly
Favorable
Industry
Fundamentals
1 2
MMC is currently the only vehicle providing exposure to Tavan Tolgoi coalfield, one of
the world’s largest undeveloped hard coking coal resources
Strategic
Location –
Hard Coking
Coal Closely
Located to
China
Low Cost
Producer with
ASP and
Margin
Expansion
4
Mongolia
Based
Company
Operating to
International
Practices
5
Leading
Mongolian
Producer With
World Class
Coking Coal
Reserves
3 6
High
Production
Growth
among Asia
Peers
6

8. 2. Company Highlights

9. Europe
22%
Asia Ex-
China
17%
Other
8%
China
47%
North
America
7%
4.6%
2.6%
China Rest of World
Highly Favorable Industry Fundamentals
Source: World Steel Organization.
Source: AME.
2009 Global Steel Production: 1,219Mt
Apparent Finished Steel Demand Growth (09 ~ 19E, %)
351
516
580
355
488
536
300
350
400
450
500
550
600
2004A 2009A 2015E
Demand Supply
4
(28)
(44)
(60)
(50)
(40)
(30)
(20)
(10)
0
10
2004A 2009A 2015E
Net Exports Net Imports
Source: Wood Mackenzie.
China Represents Half of World’s Steel Production… China is Now a Net Importer of Coking Coal…
… And Leads the World in Demand Growth
1
(Mt)
Overall Net Supply in China (Mt)
…With Widening Supply Deficit Going Forward
China is the world’s largest consumer of coking coal with rapidly widening supply gap
7

10. Undeveloped Developed
Tavan Tolgoi
(“TT”)
Moatize
Basin
Bowen
Basin
Resources
(bn tonnes)
Production 2009 (Mt)
Quality
– CSN 8.5 9.0 7.3
Total Producers 2 4 >15
World Class Coking Coal Resources…2
World Class Hard Coking Coal Closely Located to China One of the Largest Undeveloped Coking Coal Fields
Source: Company filings, website.
(1) Based on data from Queensland Department of Mines and Energy as of November 2007.
(2) Export as proxy of production
(3) Central Queensland’s 2009 production used as proxy for Bowen Basin.
(4) Tavan Tolgoi’s coal quality based on Ukhaa Khudag’s average of seams 0C, 3A, 4A and 4C on a washed coal basis; Bowen Basin’s coal quality
based on average of Goonyella, Oaky Creek, Poitrel and Blackwater mines; Moatize Basin’s coal quality based on average of Moatize and Benga.
Tavan Tolgoi could become the next Bowen Basin at the door step of China – MMC is ideally
positioned, and currently provides the only available exposure to the Tavan Tolgoi coalfield
(4)
7
10
6
TavanTolgoi Mozambique BowenBasin
N/A
3.3
Tavan Tolgoi Mozambique Bowen Basin
92.8
(1)
(3)
Operating
Deposits
Target
Market
Region
(“TMR”)
Western
Canada
Appalachia
Elga (Russia)
Tavan Tolgoi
(Mongolia)
Shanxi (China)
Maruwai
(Indonesia) Bowen
Basin
Moatize
(Mozambique)
8
(2)

11. Project Feasibility
Bankable Feasibility Studies across all project modules
Mine Ramp-up / Equipment
Fully visible ramp-up to 15Mtpa ROM production in 2013
Full commitment by Leighton
Wash Plant
First module fully operational in early 2011
International standards
Transportation
Paved road substantially completed by end of 2010
Proposed railway: 30-year license in 2nd stage of the Mongolia railway development plan
2 …and Leading Mongolian Producer
MMC is one of the most advanced coking coal producers in Mongolia, with world class
operations
9

12. Production Ramp-up Secured by High Quality Off-take Agreements
High Production Growth3
Source: Company filings.
10
14.7
10.7
7.0
3.8
0
3
6
9
12
15
2010E 2011E 2012E 2013E
Contracted Sales Un-secured Sales
57% CAGR
Ramp-up plan committed and publicly announced by Leighton
Production Ramp-Up
(ROM Mtpa)
MMC has met all key project milestones since inception

13. Strategic Location – Hard Coking Coal Closely Located to China
Distance to Baotou / Regional Chinese Railway Hub
Distance to Hebei, China’s Steel Capital
4
9,000
7,000
600
590
0 2,000 4,000 6,000 8,000 10,000
MMC
Shanxi Coal
Indonesian Coal
Australian Coal
650
1,590
6,000
8,000
0 2,000 4,000 6,000 8,000 10,000
Shanxi Coal
MMC
Indonesian Coal
Australian Coal
(km)
(km)
Source: Company filings and World Shipping Register.
Notes:
(1) Distance information was estimated according to web resources and company filings.
(2) Uses Taiyuan as the starting point.
(3) Sea distance estimated by World Shipping Register.
(3)
(3)
(3)
(3)
MMC is one of the closest open pit hard coking coal mines to key steel markets in China
(1)
(1)
(2)
(2)
Mongolia
China
Target
Market
Region
(“TMR”)
Gashuun Sukhait /
Ganqimaodu
Baotou Tangshan
We are at the Door Step of China
11

14. MMC is one of the lowest cost coking coal producers and exporters to the Chinese Market
Low Cost Producer…
Global Cost Curve (FOT to TMR China)
5
Notes: (1) Excludes processing expenses.
Source: Wood Mackenzie.
Mongolian Mining
Corporation
(1)
12
0
100
200
300
400
500
0 50 100 150
Cumulative Production (Mt)
FOTCashCosts(RMB/t).
0 50 100 150
UHG Rest of the Mines Supplying the TMR

15. …with ASP and Margin Expansion5
Dalanzadgad
Zuunbayan
Khangy Mandula
Gashuun Sukhait
/ Ganqimaodu
Jinquan
Linhe Xixiaozhao
Baotou
Hohhot
Bayan obo
Bayan hua
Mongolia
0 200
Kilometers
Planned Railway
Existing Railway
Tsagaan Khad
► Largely at mine
gate
► Increasing portion
sold at TKH
► Obtained license to
directly truck across
border
Sales and Marketing Logistics
Selling Point
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
2011
onwards
UHG
► Increased direct trucking
across border to
customers’ stockpiles
► Vast majority sold at
Tsagaan Khad (“TKH”)
China
13

16. MMC has the ability to sell directly to end users
… With ASP and Margin Expansion (cont’d)
2
55
Off-take SalesShifting Customer Base
14
Source: Company filings.
Note: (1) Represents % in currently contracted tonnages; Some end-users have nominated
agents for their offtake agreements.
0% 0% 0%
69%
93% 100% 100% 100%
7%
31%
2010E 2011E 2012E 2013E 2014E
Traders End Users
Production Growth Largely Secured by Off-take Agreements
% of Traders vs. End Users Secured by Off-take Agreements (1)
15.214.7
10.7
7.0
3.8
2010E 2011E 2012E 2013E 2014E
Contracted Sales Un-secured Production
Shagang
MMC End UsersCoal Trader
Mongolian
Coal Miner
Entered into direct off-take agreements with MMC

17. Mongolia Based Mining Company…6
15

18. Operating to International Practices6
Railway design
Paved road feasibility
study
Railway feasibility
study and design
Wash plant design
and construction
Water supply facility
design and
construction
Power plant feasibility
study
Coal mining operator
Equipment
procurement
Ramping-up of coal
production capacity
Paved road
construction
management
Independent technical
consultant
Industry consultant
Public consultant –
Environmental and
social responsibilities
… Facilitating success and delivery
16

19. 3. Conclusion

20. National Mining Champion
Mongolian Mining
Corporation
Highly
Favorable
Industry
Fundamentals
Mongolia’s National Mining Champion
Strategic
Location –
Hard Coking
Coal Closely
Located to
China
Low Cost
Producer with
ASP and
Margin
Expansion
Mongolia
Based
Company
Operating to
International
Practices
Leading
Mongolian
Producer With
World Class
Coking Coal
Reserves
High
Production
Growth
among Asia
peers
17