https://www.miningweekly.com

Aspire starts feasibility study for Mongolia rail project

18th August 2016

By: Mariaan Webb

Creamer Media Contract Publishing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has started the first stage of the rail feasibility study for the Erdenet to Ovoot railway, which is critical to the development of the Ovoot coking coal project.

The first stage of the rail feasibility study is expected to be completed in December and will provide a confirmed construction schedule and capital expenditure estimate, ASX-listed Aspire reported on Thursday.

Financial services group Quam Capital has secured interim short-term funding of $2-million from a group of investors to progress time critical rail predevelopment activities. This will enable Aspire’s rail subsidiary, Northern Railways, to complete the first stage rail feasibility study and environmental surveys.

The company added that it continued to work on completing funding arrangements for the final feasibility study work and for the engineering, procurement and construction of the railway.

The railway forms part of the new Northern Rail Corridor linking China, Mongolia and Russia. The Northern Rail Corridor agreement identifies a 3 500 km rail path connecting the seaport of Tianjin to the Trans-Siberian Railway, at Kuragino, in Russia. About 2 100 km of the rail corridor already exists.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/06/2026)
12th June 2026 By: Martin Creamer

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:0.044 0.07s - 128pq - 2rq
Subscribe Now