Australian-listed, Aspire Mining Limited (ASX: AKM) focussed on the evaluation, exploration and development of metallurgical coal assets in Mongolia indicated strategic advancement for its 100% owned Ovoot Coking Coal Project.
The Company, despite COVID-19 delays awaiting necessary approvals, has advanced optimisation of operating plans and costings for improving the project economics. Aspire has also identified substantial potential operating cost savings concerning truck types that are used for mining and truck-trailer combinations for delivering coal to the rail terminal.
The Company awaits lifting of gathering restrictions for the completion of the Definitive Environmental Impact Assessment (DEIA) and continuation of local community engagement.
Meanwhile, Mongolia backed by effective Government efforts seem to have dodged the pandemic with just 288 cases recorded as of 26 July 2020, no attributable deaths and no community transmission.
The ruling Mongolian People’s Party under the leadership of Prime Minister Mr U.Khurelsukh retained government with a significant majority in Mongolian Parliamentary elections were held on 24 June 2020.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)