https://www.miningweekly.com

Aspire signs another MoU at Ovoot

23rd July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed coal developer Aspire Mining has signed a nonbinding memorandum of understanding (MoU) with the owner of the Zavkhan power station, in Mongolia, to provide oxidised coal from the Ovoot coking coal project.

The MoU covered a possible commitment by New Asia Group to purchase up to 250 000 t/y of oxidised coal, as well as to cooperate with Aspire in developing the necessary transmission infrastructure connecting the Ovoot project directly with the Zavkhan power station.

The MoU also covered the supply of 35 MW of power a year to the Ovoot project.

In April, Aspire signed a similar MoU with Sainshand Industrial Complex, which was developing the largest industrial park in Mongolia.

The $144-million Ovoot project would have an initial production of five-million tonnes a year, with first production targeted for 2017, to coincide with the commissioning of the railway.

Edited by Creamer Media Reporter

Comments

Showroom

Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.126 0.16s - 107pq - 2rq
Subscribe Now