Jiayou International Logistics expands coking coal supply deal with MMC

Jiayou International Logistics Co., Ltd. announced on November 7, 2025, the signing of a supplementary agreement to its long-term cooperation with Mongolian Mining Corporation (MMC). This agreement extends their partnership and enhances resource supply.

Under the new terms, MMC and its affiliates will increase their sales of coking coal products to Jiayou International Logistics and its affiliates by a total of 2.5 million tonnes. This additional supply is scheduled for the five-year period from January 1, 2026, to December 31, 2030, building upon their existing long-term cooperation agreement signed in February 2024. Pricing for these products will be based on current market rates, calculated according to a predefined formula outlined in the supplementary agreement.

This strategic move is expected to significantly bolster Jiayou International Logistics' upstream resource security and strengthen its "resource + trade + logistics" integrated operating model. While the agreement is a framework for future cooperation and not legally binding, it is anticipated to positively impact the company's financial performance and operational results.