AKM
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Company News
Aspire Mining Gains Government Backing for Critical Infrastructure to Support Ovoot Project
Aspire Mining (ASX: AKM) has secured Cabinet backing in Mongolia for the Murun-Uliastai Highway to proceed under a Build-Operate-Transfer public-private partnership (PPP). The project overlaps with Aspire’s proposed coal haul road for its Ovoot coking coal project, aligning government infrastructure investment with the company’s development plans. Management says the endorsement reduces capital risk, strengthens Ovoot’s […]
Aspire Mining eyes lucrative Chinese market with updated coal reserves at Ovoot project in Mongolia
Aspire Mining’s (ASX: AKM) aim to become a supplier of coking coal to China has been boosted by the release of updated coal resource and reserve estimates for its Ovoot project in Mongolia. The Ovoot development is based on extracting highly-sought “fat” coking coal from the project in the country’s northwest and transporting it by […]
Study outlines robust case for Aspire Mining’s Ovoot coking coal project
Emerging coal developer Aspire Mining (ASX: AKM) says it is confident of reaching first production at its Ovoot coking coal project in northern Mongolia by 2021 following the release of a pre-feasibility study (PFS). Revealing the study for the Ovoot Early Development Project (OEDP) to the market, the Perth-based company said it had a robust […]
Aspire Mining targets early coking coal production in Mongolia
Aspiring coal developer Aspire Mining (ASX: AKM) is targeting early production of washed coking coal from its wholly-owned Ovoot project in Mongolia within 12 to 15 months of approval. The company today announced the Early Development Plan for the coking coal project, along with a $15 million financing package intended to give the project a […]
Aspire Mining returns ‘high-quality’ results from Mongolian coking coal testing
Coal explorer Aspire Mining (ASX: AKM) has announced “outstanding” results from pilot coke oven testing of a bulk coal sample taken near its Nuurstei coking coal project in Mongolia. The testing was undertaken by ALS Laboratories at their Wacol Queensland facilities in Australia, with the results returned to Aspire on Friday. The test work was […]
Aspire Mining coking coal production ambitions boosted by Russia-Mongolia talks
Coal explorer and aspiring coking coal producer Aspire Mining (ASX: AKM) has received an indirect boost as a result of macroeconomic developments within its operational area in northern Mongolia. The developer of a key railway connection that’s crucial to Aspire’s chances of production success in Mongolia, Northern Railways LLC, hosted a senior delegation from Russia’s […]