Aspire Mining Limited

Mining

Aspire Mining Limited is a metallurgical coal and rail company geared towards developing world-class premium coking coal deposits in Mongolia. The focus of the Company is to deliver long-term returns to shareholders while working towards the social and economic advancement of local communities. 

In line with its intention to mine, the Company is committed to permitting, engineering, and financing the Ovoot Coking Coal Project. The plan involves trucking the coal mined to the Erdenet terminal facility owned by Aspire and delivering to customers in China and Russia through the existing Mongolian rail network. 

The Company has 100% interest in the superior Ovoot Coking coal project, targeted for washed coking coal’s early production from a first-stage development through the Ovoot Early Development Plan (OEDP). The truck and rail operation of OEDP is planned to annually deliver up to 4MT of coal, with operational expansion to occur following Erdenet-to-Ovoot Railway construction. 

The Company also has 90% interest in the Nuurstei Coking Coal Project, both stationed in north-western Mongolia’s Khuvsgul aimag province. Aspire anticipates conducting a detailed exploration of Nuurstei’s mineral and commercial potential once Ovoot’s OEDP has advanced.

Significantly, Mongolia being a resource-rich county, is witnessing the rapid development of the coal mining industry to become a key global supplier. Furthermore, Mongolia’s location in close proximity to some of the globally leading steel manufacturers such as China, Japan, Russia, and Korea. 

In addition to its extensive tenement holdings, Aspire is also a strategic infrastructure owner with an 80% interest in Northern Railways LLC. Notably, Northern Railways is a Mongolian infrastructure company backed by a consortium including China Gezhouba Group. The consortium also consists of subsidiaries of Fortune 500-listed China Railway Construction Corporation Limited as well as China Railways Corporation. 

Contact Information

company address Mezzanine Level, 190 St Georges Terrace, PERTH, WA, AUSTRALIA, 6000

company phone+61 8 9287 4555

company emailwww.aspiremininglimited.com

company websitehttp://www.aspiremininglimited.com/

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