Aspire Mining Limited to start coal transportation testing

Economy | Mining
2018-05-09 12:28:06
Ulaanbaatar /MONTSAME/ Aspire Mining Limited listed on Australian Securities Exchange is focusing on Nuurstei Coking Coal Project in Khuvsgul aimag. The company’s 2018 plan for 54 drillings was approved by the Mineral Resources and Petroleum Authority and it is planned to start the work in the near future.

Aspire Mining Limited signed an agreement with state-owned PSST LLC to purchase 100 thousand tons of coal from the deposit near Nuurstei project. It is planned to export the coal to China, Russia, Korea and Japan through existing railways and calculate transportation logistics and costs for feasibility study of the Nuurstei project.

In addition to Nuurstei project, the company is aiming to build a 547 km railway in Erdenet-Ovoot route. Within the framework of the railway construction Aspire Mining Limited will cooperate with China Gezhouba Group. During Prime Minister U.Khurelsukh’s visit to China in April, China Gezhouba Group decided to prolong its investment decision until the railway project capacity is confirmed.