• Aspire Mining to reveal update on Erdenet to Ovoot railway concession

  • Proactiveinvestors
    11 August 2015

    Aspire Mining (ASX:AKM) has been granted a trading halt by the ASX, with its shares placed in pre-open.

    Aspire requested the halt pending the resolution by the Cabinet of the Mongolian Government to enter into a concession agreement with Northern Railways LLC, an Aspire subsidiary, in respect of the Erdenet to Ovoot railway. The company is the largest coal tenement holder in the vastly spanning Orkhon-Selenge Coal Basin in northern Mongolia. Aspire currently wholly owns the large scale, world class Ovoot Coking Coal Project, the Jilchigbulag Coal Project and the Myangan Exploration Licence. The halt will remain in place until the opening of trade on Thursday 13th August 2015, or earlier if an announcement is made to the market. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.