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Aspire mining: Mongolia extends railway study deadline www.miningbusiness.net
ULAANBAATAR, Aug 13 The Mongolian govt has given Australian-based Aspire Mining another 18 months to meet the environmental, land use and funding conditions for the Erdenet to Ovoot railway project, the key logistical aspect of its planned coking coal mine in the country’s north.
Its rail concession deadline has been extended to Feb 2020, but Aspire aims to complete its studies in the June 2019 qtr.
Aspire has accepted Mongolia’s request to lift design capacity on the 574km railway to 30Mtpa, catering for higher expectations of transit freight demand. It says the increase in construction costs will be marginal, within its 10% contingency range.
Published Date:2018-08-14
