Mongolian Mining (Mongolian Mining) Construction In Progress : $84 Mil (As of Jun. 2023)

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What is Mongolian Mining Construction In Progress?

Mongolian Mining's quarterly construction in progress declined from Jun. 2022 ($105 Mil) to Dec. 2022 ($47 Mil) but then increased from Dec. 2022 ($47 Mil) to Jun. 2023 ($84 Mil).

Mongolian Mining's annual construction in progress increased from Dec. 2020 ($96 Mil) to Dec. 2021 ($102 Mil) but then declined from Dec. 2021 ($102 Mil) to Dec. 2022 ($47 Mil).

Mongolian Mining Construction In Progress Historical Data

The historical data trend for Mongolian Mining's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mongolian Mining Construction In Progress Chart

Mongolian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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85.92

95.72

101.85

47.39

7.24

Mongolian Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Construction In Progress	Get a 7-Day Free Trial															101.85	105.30	47.39	83.93	7.24

Mongolian Mining Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Mongolian Mining (Mongolian Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolian Mining Corp (OTCPK:MOGLF) » Definitions » Construction In Progress

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Traded in Other Exchanges

00975:Hong Kong 29X2:Germany

Address

Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200

Website

https://www.mmc.mn

Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

Mongolian Mining (Mongolian Mining) Headlines

From GuruFocus

Mongolian Mining Corp.: A High-Profit-Margin Play with Room to Grow

By Yiannis Mostrous Yiannis Mostrous • 03-09-2012