Aspire Mining Limited to start coal transportation testing
Aspire Mining Limited, exploration and development company listed on Australian Securities Exchange, is focusing on Nuurstei Coking Coal Project in the western Khuvsgul province.
Aspire Mining Limited, exploration and development company listed on Australian Securities Exchange, is focusing on Nuurstei Coking Coal Project in the western Khuvsgul province. The company’s 2018 plan for 54 drillings was approved by the Mineral Resources and Petroleum Authority of Mongolia and it is planned to start the work in the near future. Aspire Mining Limited signed an agreement 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 calculating transportation logistics and costs for a feasibility study of the Nuurstei project. In addition to Nuurstei project, the company is aiming to build around 550 km railway. Within the framework of the railway construction, Aspire Mining Limited will cooperate with China Gezhouba Group, Chinese construction, and engineering company. During Prime Minister Khurelsukh’s visit to China in April, China Gezhouba Group decided to prolong its investment decision until the railway project capacity is confirmed.
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