Aspire Mining will work with a China Railways Construction Corporation subsidiary to complete the first stage of the Erdenet to Ovoot Rail Bankable Feasibility Study in Mongolia. The study comprises desk top engineering of the entire 547 kilometre alignment based on 1:5000 scale maps currently being prepared and delivered by Aspire subsidiary Northern Railways. This will cover Phase 1 of the Northern Mongolian Rail Corridor extending rail from Erdenet to Aspire’s Ovoot Coking Coal Project. The rail line is a key requirement to unlock the value of the Ovoot Coking Coal Project and future earnings from mining and production from the project for Aspire.
Source: www.proactiveinvestors.com.au
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