Aspire Mining Ltd
Aspire Mining Limited is an Australia-based coking coal development company.
The business
Aspire Mining Limited is an Australia-based coking coal development company. The Company 100% owns the Ovoot Coking Coal Project, and 90% owns the Nuurstei Coking Coal Project, both located in Khuvsgul aimag of north-western Mongolia. The Company is primarily focused on developing the Ovoot Coking Coal Project to mine coking coal via open pit methods, beneficiate it onsite, transport it by truck to a Company-owned coal unloading and loading facility near Erdenet, and delivering it onward via rail to customers in China, Russia and beyond utilizing the existing trans-Mongolian rail network. The Ovoot Project area is located in north-western Mongolia and comprises mining license MV017098. The Nuurstei project comprises mining license MV-020941 and is capable of producing washed hard coking coal. The project is located approximately 10 kilometers (km) from Khuvsgul provincial capital of Moron and is approximately 160 km northeast of the Ovoot project.
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Latest 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 […]
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