Aspire Mining: to benefit from Russia, China, Mongolia infrastructure deals

Aspire Mining Limited (ASX:AKM) owns 100% of the Ovoot Coking Coal Project in northern Mongolia, which ranks as the second largest coking coal Project by Reserves in the Country. Aspire is focussed on the development of the Ovoot Project targeting a large scale open pit mining operation, to commence in 2016, producing up to 12 Mtpa high quality coking coal at full production.

See more information about {{company}}

Aspire Mining: to benefit from Russia, China, Mongolia infrastructure deals

2014-07-16 by Proactive Investors 
A1_aspire_mining_ovoot_tt_blend_358_53c5b6a624d05
- Aspire Mining Ltd (ASX: AKM) owns the Ovoot Coking Coal Project (Ovoot), and is also progressing the Northern Line Rail Line (NRL) in Mongolia.
- Ovoot is one of the largest undeveloped coking coal projects globally. Its appeal is evidenced by the Aspire / Noble Group alliance.
- Along with Tavan Tolgoi, Ovoot is recognised as one of the key potential coal suppliers to Mongolia's Sainshand Industrial Park.
- Current off take interest in Ovoot coking coal exceeds targeted production.
- The Ovoot project requires a 547km ($1.3b) rail line linking the project to existing rail infrastructure.
- Request for a Concession from Northern Railways LLC is awaiting approval for construction by the Mongolian government. This would de-risk the entire Ovoot project.

ANALYSIS & VALUATION
Aspire Mining Ltd is currently capitalised at $22.4 million, of which $4.6 million is cash and places an Enterprise Value "EV" of $23.2 million on total JORC Compliant Resources of 281 million tonnes of coking coal, or an EV of US$0.08 (8c) per tonne. Aspire's Ovoot Project has a JORC Probable Reserve of 255Mt, or EV/t Reserve of $US0.09 (9c).
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic