Rail options open for Aspire's Mongolian coal
PERTH (miningweekly.com) – 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’s Ovoot coking coal project, and on to the Russian border at Arts Suuri.
The new rail line was considered an important connection between Russia, Mongolia, and through the Trans-Mongolian Railway, to China.
“The Mongolian Parliament’s decision provides the rail solution to unlock the value of the Ovoot project. We expect that this railway, along with the current expansion of the Trans Mongolian Railway towards 100-million tonnes a year, with have a dramatic effect on the competitiveness of Northern Mongolian coal in both the Chinese and seaborne coking coal markets,” said Aspire MD David Paull.
He noted that the new rail also brought major economic and social benefits to the Northern Mongolian provinces, as economic development and regional integration were fast-tracked.
With the Parliamentary approval, the Mongolian government was now empowered to negotiate a concession agreement for the railway between Erdent and Ovoot as the first stage of the Northern rail line, and Paull said that Aspire’s dedicated rail subsidiary was looking forward to providing a tender proposal for the concession agreement in the near-term.
The $144-million Ovoot project would have an initial production of five-million tonnes a year, with first production targeted for 2017.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation