Aspire Mining feels its Ovoot Coking Coal Project received a boost after being recognised as a key user of a new rail transit corridor to Russia. The Mongolian Ministry of Roads and Transportation (MRT) and JSC Russian Railways (RZD) will investigate an extension of the railway in northern Mongolia from Erdenet past Ovoot to the Russian border at Arts Suuri. This means the feasibility of the key Northern Line Rail Line from Ovoot to Erdenet is no longer solely dependent on freight volumes from the Ovoot Project alone and significantly improves the feasibility of the Erdenet-Ovoot Project section that would transport coal from Ovoot to Erdenet.
The company is also optimistic that the recent agreements reached between China and Mongolia will provide it with more efficient transport across border points, ability to negotiate rail access to a number of Chinese North-Eastern seaports, and allow it
potential access to Chinese financing set aside specifically for mineral resource and infrastructure development in Mongolia.