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Aspire granted mining lease at Nuurstei

By: Esmarie Swanepoel     9th October 2017 Coal junior Aspire Mining has been granted a mining lease for its Nuurstei coking coal project, in Mongolia. The mining licence from the Mineral Resources Authority of Mongolia provides the ASX-listed company with a minimum 30-year tenure over the licenced area, and will result in Aspire issue... 

Aspire lowers Nuurstei cost estimate

By: Esmarie Swanepoel     28th July 2017 Coal developer Aspire Mining has flagged a $4-million to $5-million capital reduction at its proposed Nuurstei project, in Mongolia. The company on Friday told shareholders that it had received capital estimates of between $10-million and $12-million for its 150 t/h wash plant at the Nuurstei... 

Nuurstei closer to development - Aspire

By: Esmarie Swanepoel     31st May 2017 Coal developer Aspire Mining has moved a step closer to the development of its Nuurstei coking coal project, in Mongolia, with the Mineral Resource Authority of Mongolia approving the registration of the project. The registration is necessary before a mining licence can be issued, and allows the... 

Aspire gets extension on rail studies

By: Esmarie Swanepoel     6th February 2017 Coal hopeful Aspire Mining has been given an 18-month extension to complete the conditions precedent for its Erdenet to Ovoot rail concession, in Mongolia. The conditions precedent included the completion of feasibility studies, environmental studies and permits, land use agreements, commercial... 

Prospective Mongolian rail line proves feasible

By: Esmarie Swanepoel     9th January 2017 Initial feasibility studies into the Erdenet to Ovoot railway, in Mongolia, have determined the project to be feasible, ASX-listed Aspire Mining has reported. The company told shareholders on Monday that the railway servicing the proposed Ovoot coking coal project would require a capital... 

Aspire starts feasibility study for Mongolia rail project

By: Mariaan Webb     18th August 2016 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 railway forms part of the new Northern Rail... 

Aspire subsidiary awarded concession for cross-country rail corridor

By: Samantha Herbst     29th June 2016 ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in... 

Rail options open for Aspire's Mongolian coal

By: Esmarie Swanepoel     27th October 2014 The shareholders of coal developer Aspire Mining on Monday smiled on the news that the company’s Ovoot project, in Mongolia, had been presented with a rail solution. The Mongolian government recently approved a new national rail policy, which included the extension of a rail from Erdenet to... 

Aspire signs another MoU at Ovoot

By: Esmarie Swanepoel     23rd July 2014 ASX-listed coal developer Aspire Mining has signed a non-binding 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... 

Aspire breaches rail gap at Ovoot

By: Esmarie Swanepoel     21st June 2012 Junior coal developer Aspire Mining has signed a nonbinding memorandum of understanding (MoU) with Mongolian rail giant JSC Russian Railways to discuss the extension of the Trans-Mongolian Railway to the Ovoot coking coal project. The MoU would explore the development of a strategic partnership... 

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