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

Post COVID-19: Gold Mining and Production

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


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."