trending Market Intelligence /marketintelligence/en/news-insights/trending/N2Y8TYRFTNMkyWRSP-_weg2 content esgSubNav
In This List

Aspire Mining inks 5 Mtpa Erdenet-to-Ovoot rail freight provision deal

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Aspire Mining inks 5 Mtpa Erdenet-to-Ovoot rail freight provision deal

Aspire Mining Ltd. entered a memorandum of understanding for MTGT LLC, owner of the Huren Chuulut iron ore project, to access the company's Erdenet-to-Ovoot railway in Mongolia.

The MOU includes the provision of 5 million tonnes per annum of freight capacity, as well as the sharing of development progress and mutual support in funding activities.

Aspire said it expects to see demand for Northern Rail Corridor freight capacity to reach at least 15Mtpa, which will grow to 30Mtpa in the long term.

Aspire Mining's first-stage feasibility study, completed earlier this year, determined that the Erdenet-to-Ovoot railway project was "financially feasible."