MANAGEMENT

Aspire Mining inks rail deal with CGGC

Aspire's Northern Rail signs MoU with CGGC to advance Mongolia railway

Staff reporter
 Aspire's Northern Rail signs MoU with CGGC to advance Mongolia railway

Aspire's Northern Rail signs MoU with CGGC to advance Mongolia railway

The MoU was signed in conjunction with a visit by the Mongolian prime minister to China.

Aspire said a draft feasibility study for the Erdenet to Ovoot Railway was completed and submitted in March, with the pair aiming to finalise it by next month as it is a key document for obtaining financing. Their goal is to have an EPC contract for the line by November.

Aspire said the Russian Ministry of Rail has requested a review of the rail feasibility study on completion before considering an investment. CGGC will be seeking to fund the remaining pre-development work per an October 2017 MoU, though that is subject to the connecting line having sufficient capacity for additional freight and sufficient time for the pre-development work to be completed.

The Erdenet to Ovoot Railway extends 549km and will extend from the former location to Aspire's coking coal project in order to join together northern Mongolia to China and international markets. The multi-user rail line will be available for transport of bulk materials, agricultural and general freight from the region to export markets including China, Russia and seaborne markets.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production