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Aspire Mining fully-funded to progress Ovoot - Mr Paull

Coal News - Published on Fri, 21 Dec 2018

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Aspire Mining Ltd managing director Mr David Paull spoke to Proactive Investors about the company’s recent strategic financing and its development of the Ovoot Coking Coal Project in Mongolia. He said that “We’re well-funded now to complete the pre-feasibility study, and feasibility studies, that are required to confirm the early development project for Ovoot.”

Mr Paull said that “The early development project comprises both the mine site mine planning exercise for the carve-out of the low-ash, high-yielding section of the Ovoot project and also establishing a direct haul road. We’re looking at a combination of diesel genset as support for a solar power station so that’s an interesting occurrence where you’ll have a coal mine operation using solar as its predominant power source, which is a sign of the times.”

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Posted By : Rabi Wangkhem on Fri, 21 Dec 2018
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