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26/02/2024
Mining News

Aspire Mining on track with railway to exploit major Mongolian coking coal project

Aspire Mining Ltd managing director David Paull says “as a relatively small cap company, we’ve got our foot on a real giant, and realising the value in that giant is really what we’re aiming to do through this year.” The company’s plans for 2018 are focused on developing coking coal deposits in Mongolia to deliver international specification product to neighbouring international consumers.

Following a large rights issue in December, drilling and a feasibility study should be completed on the Nuurstei project by mid-year. The much larger world class Ovoot project is tied to the development of rail infrastructure that represents a strategic priority for the government of Mongolia as part of the Northern Rail Corridor, on top of Russia and China’s interests in the One Belt One Road Strategy.

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