Aspire Mining (ASX: AKM) is focused on coal in Mongolia, and just last week completed a Rail Pre-Feasibility Study Revision confirming that it could save US$200 million by taking a more direct route further to the south for its proposed Erdenet to Ovoot rail extension in Mongolia.
Aspire has the second largest coking coal reserve in Mongolia at Ovoot and the coal ranks amongst the highest quality coking coal in the world.
Managing director David Paull will present to investors at the "Stars in 2013 Series" Forum on Wednesday 8th May 2013.
Aspire has this year reached a number of signposts on the road to developing Ovoot, most notably expanding its strategic alliance with Noble Group, Asia's largest diversified commodities trading company.
The revised arrangements with Noble will facilitate Noble's provision of additional supply chain management services to Aspire.
It will also provide potential access to Noble's Russian Far East Port, while retaining Noble's overall obligation to assist Aspire to identify potential logistics partners to deliver coal to customers and identifying viable logistics paths.
Aspire has also completed initial pilot coke tests confirming that the mammoth Ovoot project in Mongolia contains high quality blending coking coal that can be blended with hard coking coal and weak caking coals to produce quality coke.
Projected development costs have also been reduced following the Rail Pre-Feasibility Study Revision, reducing capital expenditure for the rail line to US$1.3 billion
Start time: 6.00pm - Please arrive by 5:45pm.
Date: Wednesday 8th May 2013
Place: Radisson Blu Hotel - Cnr Pitt & O'Connell Street
Four exciting companies are presenting with three Lucky Door Prizes, which is then followed by a wine and canapé reception where you can personally interact with the presenting MD's & CEOs.
The event is FREE to attend but make sure you REGISTER today as the seats are filling quickly already.
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