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“Nuurstei” Project’s Feasibility Study to be Completed www.gogo.mn
The Managing Director of Aspire Mining Limited, David Paull, stated in an interview with Proactive-Investors that the feasibility study of the “Nuurstei” Coking Coal Project would be completed in the middle of 2018, and extraction would begin in 2019.
During Prime Minister U. Khurelsukh’s visit to the PRC, Aspire Mining signed several agreements, one of which is a Memorandum of Understanding with “China Gezhouba Group” for cooperation and investment.
The MoU includes finalizing the feasibility study of a railway route between Erdenet-Ovoot by May.
Construction of this railway infrastructure will open a gateway for Aspire Mining to export coal to the Russian Federation and the PRC.
Published Date:2018-04-26
