Aspire lowers Nuurstei cost estimate

Coal developer Aspire Mining has flagged a $4-million to $5-million capital reduction at its proposed Nuurstei project, in Mongolia. The company on Friday told shareholders that it had received capital estimates of between $10-million and $12-million for its 150 t/h wash plant at the Nuurstei project, while mining contractor Ferrostaal Mining Services has provided an indicative estimate of between $5.75-million and $7.75-million for local infrastructure and services to support the development of the project.