Battsengel Gotov, CEO, Mongolian Mining Corporation

1. MONGOLIAN MINING SUMMIT
Perth, Australia
31 October 2013

2. Disclaimer
2
We have included in this presentation forward-looking statements. All statements that are not historical facts,
including statements about our intentions, beliefs, expectations or predictions for the future, are forward-looking
statements.
The reliance on any forward-looking statement involves risks and uncertainties, and although we believe the
assumptions on which the forward-looking statements are based are reasonable, any or all of those assumptions
could prove to be inaccurate and as a result, the forward-looking statements based on those assumptions could
also be incorrect.
We undertake no obligation to publicly update or revise any forward-looking statements contained in this
presentation, whether as a result of new information, future events or otherwise, except as required by applicable
laws, rules and regulations.
In light of these and other risks and uncertainties, the inclusion of forward-looking statements should not be
regarded as representations by us that our plans and objectives will be achieved.
Note: All numbers in this presentation are approximate rounded values for particular item.
Forward-looking statements

3. Country Overview
3
Company Profile
Agenda

4. Population (2012) 2.86m
Literacy 97.4%
Total area
1.6m sq.km
(c.3x area of France)
GDP per capita (2012) US$3,481
Unemployment rate (1H2012) 8.4%
Imports / exports (2012) US$6.7bn / US$4.4bn
Corporate tax rate 10.0 / 25.0%
Country Overview
Mongolian economy at a glance
4
(400)
800
2,000
3,200
4,400
5,600
6,800
8,000
2008 2009 2010 2011 1H 2012
0%
4%
8%
12%
16%
20%
Total assets (LHS) Total loans (LHS)
Total deposits (LHS) NPL ratio (RHS)
Real estate
6%
Manufacturing
6%
Utilities,
Construction
4%
Services
43%
Others
7%
Mining
19%
Agriculture
15%
Copper
21%
Gold
3%
Crude oil
8%
Iron ore &
scrap
13%
Zinc
3%
Others
4%
Coal
48%
9.9
7.8
6.0
4.7 4.7
18%
59%
36%
27%
12%
(1.0)
1.0
3.0
5.0
7.0
9.0
11.0
2008 2009 2010 2011 2012 -10%
10%
30%
50%
70%
GDP(LHS) FDI (%) of GDP (RHS)
(US$bn)
General statistics
Source: CIA World Factbook, National Statistical Office of Mongolia (“NSO”), Bank of Mongolia
Note: 1 2012 GDP splits by sector at 2012 current price levels; 2 Percentages computed by dividing export value of each commodity by value of total mineral exports; 3GDP at nominal prices and converted to US$ at an
US$:MNT exchange rate of 1:1,396; 4includes banking and non-banking financial institutions
4,301
2,111
3,909
2,481
1,542
0
1,000
2,000
3,000
4,000
5,000
2008 2009 2010 2011 2012
0%
20%
40%
60%
80%
100%
Total mineral exports (LHS)
Mineral exports % of GDP(RHS)
Mineral exports % of total exports (RHS)
(US$m)(US$m) (%)(%)
GDP by sector (2012) Export minerals composition (2012)
GDP and FDI growth trends Growing importance of mining sector Expansion of financial sector
Continued economic growth supported by strong mineral exports and investments in mining sector
21
3 4

5. Coking coal export (Mt) 2011
Australia 140
USA 63
Canada 28
Mongolia 21
Russia 14
Coking coal import (Mt) 2011
Japan 69
China 45
India 30
South Korea 26
Taiwan 6
Source: Tex Report, GTIS
MONGOLIA
RUSSIA
CHINA
TAIWAN
JAPAN
SOUTH
KOREA
Country Overview
Mongolia is located in the proximity to major coking coal markets
5

6. 6
Country Overview
Opportunities and challenges
Opportunities Challenges
 Geographical proximity to China, the largest consumer and
importer of coal
 Mongolia is the closest potential supply source for coking coal
to major consumers in Asia-Pacific region – Japan, China and
South Korea
 Favorable geological and mining conditions – potential for
large scale low cost open-pit mining operations, low
precipitation and dry weather conditions
 Coal quality comparable with leading coking coal brands from
Bowen Basin and Shanxi
 Mongolia is land-locked country with limited access to global
markets, in particular for bulk commodities like coal
 Remote location of projects with undeveloped infrastructure –
transportation, road and railway network, water and power
supply
 Lack of skilled and trained professional labor
 Evolving regulatory and legal environment for mining industry
 Insufficient capital and funding sources to meet significant
investment requirements
Sustainable growth strategies
 Create long-term and stable regulatory environment thus attracting foreign and domestic investments
 Support the development of transportation infrastructure, which would expand export potential and lower delivery cost, thus enhancing
global competitiveness
 Promote coal processing industry to increase value-added production, thus generating higher export revenues
 Implement advanced and environmentally friendly technologies for consistently high quality products, thus creating globally recognized
brand
 Introduce international expertise and best practices and train local human resources, thus establishing globally competitive local industry
 Endorse corporate social responsibility and community development, thus securing “social license” for industry growth

7. 671
1,018
1,712
1,932
2,065
2,904
1,284
501
1,660
1,562
1,325
1,152
-
500
1,000
1,500
2,000
2,500
3,000
Jan Feb Mar Apr May Jun
1H 2012 1H 2013
Mongolian coal export volume
Source: NSO
(‘000 tn)
 Mongolian coal exports (including lignite) declined by 27% YoY to 7.5 Mt in 1H 2013 from 10.3 Mt in 1H 2012
 MMC share of total exports from Mongolia increased from 23% in 1H 2012 to 42% in 1H 2013
 With total coal export of 3.2 Mt in 1H 2013, MMC was the only Mongolian coal exporter to report YoY volume increase up by 32%
 All other Mongolian exporters have seen substantial decline, of 45% in aggregated volume
 Moreover, MMC exports shifted towards washed coking coal products, and in 9M 2013 MMC exported 3.5Mt of washed coking
coal products, representing 75% increase compared to 2.0Mt in 9M 2012
7
Country Overview
Mongolian coal exports in 1H 2013

8. Company Profile
8
Country Overview
Agenda

9. Company snapshot
Increased throughput at border crossing (GS)
Producing assets with operational synergies in the close proximity to China
Company Profile
Company snapshot
9
 Mongolian Mining Corporation (MMC,
SEHK: 975) owns and operates two open-
pit coking coal mines at the Ukhaa
Khudag (“UHG”) deposit located within
the Tavan Tolgoi coal formation, as well
as the Baruun Naran (“BN”) coking coal
deposit, both located in South Gobi,
Mongolia
 MMC was listed on the SEHK in Oct 2010,
and was selected as a constituent stock of
the FTSE Hong Kong Index in Mar 2012
 MMC issued largest ever 144A/Reg S
corporate bond from Mongolia in Mar
2012
 MMC started greenfield development at
UHG mine in 2008, including water, power
and transportation infrastructure
 As of today, MMC is the largest producer
and exporter of washed hard coking coal
in Mongolia with fully integrated coal
mining, processing, transportation and
marketing platform
Target market region

10. ROM Coal Reserve (Mt) Proved Probable Total
MMC Coking 273 103 376
Thermal 87 18 105
Total 359 121 480
UHG Coking 155 81 236
Thermal 64 16 80
Total 218 97 315
BN Coking 118 22 140
Thermal 23 2 25
Total 141 24 165
Open-Cut Coal Reserves as at Dec 31, 2012
Increased throughput at border crossing (GS)
Well explored high quality coal resource and reserve base supporting mine life for next 28 years
Company Profile
Coal resource and reserve base
JORC Resources (M+I+I) and Reserves (P+P)
Resource and Reserve optimization Integrated development
10
701
315
337
165
1,038
480
-
500
1,000
Resources Reserves
UHG Deposit BN Deposit (incl. THG mining license area)
(Mt)
Source:
(1) RPM, UHG JORC Reserve Report, Jun 2013 ; (2) MMC, UHG JORC Resource Report, Aug 2012 ;
(3) RPM, BN JORC Reserve Report, Jun 2013; (4) MBGS, BN JORC Resource Report, Nov 2012;
(5) MBGS, THG JORC Resource Report, May 2013
 In addition to existing BN Mining License, MRA granted THG Mining
License, with estimated JORC Resource 55 Mt in inferred category
as at Apr 30, 2013
 RPM has completed Integrated LOM mining study for UHG and BN
Deposits, with updated UHG and BN JORC Reserves as at Dec 31,
2012
 Additional 49 Mt of resources were converted to reserves at UHG
Deposit (17% increase including mining depletion in 2012)
 Coking coal proportion in total BN ROM Coal Reserve has increased
by 19 Mt (85% of total reserve base)
 From an integrated reserve perspective, the total pro-forma combined
ROM Coal Reserve base has increased from 460 Mt as at Dec 31,
2011 to 480Mt as at Dec 31, 2012, excluding mining depletion in 2012
 Integrated LOM mining study covering coal mining, blending and
processing schedules for UHG and BN mines, demonstrated the
potential to conduct sustainable mining operations with up to 15.8 Mt
per annum combined ROM coking coal output from UHG and BN mines
for period between 2013 and 2040
 The thermal coal production ramp up from UHG and BN mines has
been scheduled in 2016, matching expected TT-GS railway completion

11. 15Mtpa processing capacityLarge-scale open-pit coal mining operations
Continuing coal production ramp up, while increasing processing capacity
Company Profile
The largest coal producer and exporter in Mongolia
ROM coal production (million tonnes) ROM coal processed (million tonnes)
11
1.8
3.9
7.1
9.4
7.0
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2009 2010 2011 2012 9M 2013
ROM coal mined
- -
2.5
7.4 8.0
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2009 2010 2011 2012 9M 2013
ROM coal feed

12. Source: Company data
~5,500 km
~1,400 km
Transportation and logistics cost (USD/tonne):
UHG-Nakhodka (FOB Nakhodka) ~170 USD/tonne
UHG-GM (DAP GM) ~20 USD/tonne
GM-Tangshan (CFR Jingtang) ~60 USD/tonne
DAP GM
CFR Jingtang
FOB Nakhodka
UHG
12
Company Profile
Access to the market

13. Improved border crossing capacityFully integrated transport infrastructure
Shift to washed coking coal sales, while improving transportation and logistics efficiency
Company Profile
Transportation and sales
Washed coal products quality indicators Coal exports (million tonnes)
13
- -
1.5
3.6 3.51.4
3.9
4.8
5.6
4.6
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2009 2010 2011 2012 9M 2013
Washed coking coal Total coal products
A(d) VM(daf) S(d) CSN CSR CV net (ar)
HCC < 10.5% < 26.0% < 0.7% > 6 67-69
SSCC < 9.5% < 33.0% < 0.7% > 6 40-44
TC < 20.0% < 1.0% > 6,000 kcal/kg

14. Forest belt project
UHG camp Township development
14
School and Kindergarten complex
Company Profile
Corporate social responsibility
MMC is fully committed to the responsible mining practices

15. Competitive position improvements
Company Profile
Competitive position
15
PROCESSED COAL EXPORTS
 In depressed market situation, selling raw coal has become economically challenging as demonstrated by decreased Mongolian market share
for coking coal imports to China
 Washed HCC pricing @ GM is around 65% higher compared to raw coal
 Selling processed product allows to produce one uniform blended product with quality specs meeting customer requirements
 Processed coal attracts more end-user customers/buyers increasing competition/pricing, and reduces dependency on “traders”
 Exporting wet processed coal enables VAT reimbursements (10%), thus reducing operational and capital expenses
 Moreover, lower royalty rates (5-8%) applied for processed coal compared to raw coal (5-10%)
TRANSPORTATION INFRASTRUCTURE IMPROVEMENT
 A substantial transportation and logistics costs reduction achieved by moving to UHG-GS paved road operations
 UHG-GS railway is already under construction since May 2012 and the construction is expected to be completed by 2015
 GM-Jinquan-Baotou railway is already available at Chinese side and GoM decided to initiate process of cross-border access of Chinese railway
network to Mongolian border crossing points at GS/GM and Shivee Khuren/ Ceke
WITH ROBUST PRODUCTION PROFILE, MMC IS WELL POSITIONED TO BENEFIT FROM MARKET RECOVERY
MMC established itself as the reliable supplier of high quality products to its end-user customer base

16. Thank you
16F Central Tower
Sukhbaatar District
Ulaanbaatar 14200
Mongolia
www.mmc.mn