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Aspire Mining's David Paull talked railway to production at Proactive's CEO Sessions

David Paull presenting at Proactive's CEO Sessions.

Aspire Mining's David Paull at Proactive's CEO Sessions
David Paull, managing director, presenting at Proactive's CEO Sessions

Aspire Mining Ltd's (ASX:AKM) managing director, David Paull, joined Proactive's CEO Sessions in Melbourne and Sydney this week.

Aspire is undertaking a transformational funding transaction allowing the company to pursue near-term coking coal production from Nuurstei in Mongolia.

Whilst Nuurstei can commence as a road based production operation, access to the proposed Erdenet to Ovoot Railway will reduce transport costs and unlock Aspire’s wholly-owned Ovoot Coking Coal Project.

Erdenet to Ovoot is 547 kilometres of rail that forms part of the Northern Rail Economic Corridor connecting China and Russia through Mongolia as part of China’s One Belt One Road Policy.

Aspire recently entered into a binding MOU to advance the rail project.

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Full interview: Aspire Mining receives additional undertakings from major...

Aspire Mining Ltd (ASX:AKM) managing director and chairman David Paull updates Proactive on receiving additional commitments from major shareholder Mr Tserenpuntsag in relation to his proposed $33.5 million equity investment in company. Mr Tserenpuntsag will exercise all his 153.3 million...

on 14/11/19

2 min read