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Back to home page In the media Read Newswire Read press release. All posts. Please click Display Images or Download Pictures to properly view this newswire. Wednesday, January 13, Headlines in Italic are ones modified by Cover Mongolia from original. Overseas Market. TRQ sets new low since TRQ has been the subject of a number of other research reports. Link to article. Aspire Mining finalises rail approvals for Northern Railways.
January 6 Proactive Investors Metallurgical coal company Aspire Mining ASX:AKM has realised a significant milestone in the development of its massive Mongolian infrastructure ambitions after obtaining final approval for a rail connection point and alignment path. This progress follows only about month after the company confirmed that its local subsidiary Northern Railways received its construction license for the Erdenet to Ovoot Railway.
The approval in turn followed a string of other recent milestones, including a Scoping Study which indicated there were no technical obstacles to building a rail connection from Ovoot to the Russian city of Kyzyl. The Erdenet to Ovoot railway project that spans kilometres and forms part of a national policy aimed at connecting the northern provinces with Russia. At full operation, the project will have capacity to move 30 million tonnes per annum of bulk commodities, agricultural, general and passenger freight including transit freight between Russia and China.
New negotiations with the Mongolian government have helped establish the project's most recent approvals, which include some redesign and re-engineering by Northern Railways to accommodate Aspire operations. As a result, a rail route into the city of Erdenet will now be able to avoid significant relocation of established infrastructure and competing land uses.
Also, the rail alignment will take account of the road and power line requirements of the Egin Golin hydro power project, which was also recently approved by government.