1 GOLDMAN: CHINA CORONAVIRUS COULD PUSH OIL DOWN BY $3 WWW.RT.COM PUBLISHED:2020/01/24      2 CORONAVIRUS SCARE: 6 PEOPLE EXAMINED IN MONGOLIA WWW.NEWS.MN PUBLISHED:2020/01/24      3 MONGOLIA INVESTS IN STEPPE GOLD WWW.AKIPRESS.COM PUBLISHED:2020/01/24      4 MONGOLIA AND ADB TO DEVELOP PARTICIPATORY FOOD WASTE RECYCLING WWW.ZGM.MN PUBLISHED:2020/01/24      5 ROAD MINISTER TASKS TO OPEN NEW AIRPORT ON TIME WWW.MONTSAME.MN PUBLISHED:2020/01/24      6 PRESIDENT KH.BATTULGA: MONGOLIA IS READY TO JOIN THE HIGH AMBITION COALITION FOR NATURE WWW.MONTSAME.MN PUBLISHED:2020/01/24      7 FAKE FUEL HITS MONGOLIAN DRIVER’S POCKETS WWW.NEWS.MN PUBLISHED:2020/01/24      8 CORONAVIRUS: WUHAN TO SHUT PUBLIC TRANSPORT OVER OUTBREAK WWW.BBC.COM PUBLISHED:2020/01/23      9 PRESIDENT MEETS GUCCI CEO MARCO BIZZARRI WWW.MONTSAME.MN PUBLISHED:2020/01/23      10 MONGOLIA, ADB SIGN GRANT TO DEVELOP PARTICIPATORY FOOD WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2020/01/23      MMC: 2019 ОНД 10.7 САЯ ТОНН НҮҮРС ОЛБОРЛОЖ,4.7 САЯ ТОНН УГААСАН КОКСЖИХ НҮҮРС БОРЛУУЛСАН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/01/23     АЖИЛГҮЙДЭЛ УЛАМ ЗАЛУУЖСААР БАЙНА WWW.ZGM.MN  НИЙТЭЛСЭН:2020/01/23     ГААЛИЙН БАЙГУУЛЛАГА 2019 ОНД ТҮҮХЭНД АНХ УДАА 3.1 ИХ НАЯД ТӨГРӨГИЙН ОРЛОГЫГ УЛСЫН ТӨСӨВТ ОРУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2020/01/23     МОНГОЛ УЛС АВЛИГЫН ИНДЕКСЭЭР 35 ОНОО АВЧ 13 БАЙР УХРАВ WWW.IKON.MN  НИЙТЭЛСЭН:2020/01/23     ИПОТЕКИЙН ЗЭЭЛИЙГ ХҮРТЭЭМЖТЭЙ ӨГӨХИЙН ТУЛД АРИЛЖААНЫ БАНКНЫ САНХҮҮЖИЛТИЙГ НЭМНЭ ГЭВ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/01/23     МОНГОЛЫГ ЗОРИГСДЫН ДИЙЛЭНХ НЬ ЗҮҮН АЗИИЙНХАН БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/01/23     ГАДААДАД ЗОРЧСОН МОНГОЛЧУУДЫН ТОО БУУРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/01/23     МОНГОЛ УЛС БНХАУ-ТАЙ 8.9 ТЭРБУМ АМ.ДОЛЛАРЫН ХУДАЛДАА ХИЙЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/01/23     ТАТВАРЫН ОРЛОГО 1.5 ИХ НАЯД ТӨГРӨГӨӨР ӨСЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2020/01/22     УУЛ УУРХАЙН САЛБАРЫН ТӨСВИЙН ОРЛОГО 2019 ОНД 18,6 ХУВИАР ӨСЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2020/01/22    

Aspire Mining signs non-binding MoU with Sinosteel MEC www.zgm.mn

Aspire Mining Ltd., listed on the Australian Stock Exchange (ASX), has secured a non-binding agreement with Sinosteel Equipment and Engineering for the early development of Ovoot Coking Coal Project in Mongolia. The agreement covers potential engineering, procurement, construction (EPC) and trade-based funding opportunities for the Ovoot project. The announcement was followed by a USD 33.5 million placement with major shareholder Mr. Tserenpuntsag Tsedevdamba, who now owns 51 percent of the company. He has provided commitments to Aspire of loan guarantees of up to USD 100 million to complete ODEP’s construction and development. Sinosteel MECC is a subsidiary of the CNY 5.7 billion market cap Sinosteel Jilin Carbon Co. Ltd. Aspire’s financial gain is further enabled by Sinosteel’s most recently announced non-binding agreement, which covers potential engineering, procurement, construction and trade-based funding opportunities for the Ovoot Early Development Project (OEDP). Sinosteel and Aspire are entering into further discussions regarding the construction of a coal handling and preparation plant anticipating a cost of USD 37 million. Aspire is completing a definitive feasibility study, which is expected to be finalized around May 2020. “Aspire recognizes the importance of having a strong partnership with companies like Sinosteel MECC that play such a major role in the Chinese steel industry, the main market for Ovoot’s high-quality coking coal product,” David Paull, Executive Chairman of Aspire said. “We look forward to working alongside Sinosteel as one of our key partners in bringing the Ovoot Early Development Project into production and delivering value for all shareholders,” he added.



Published Date:2019-12-10