Aspire subsidiary awarded concession for cross-country rail corridor

ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in Mongolia, to Aspire’s Ovoot coking coal project, also in Mongolia. This award followed the signing of a trilateral programme by the presidents of China, Russia and Mongolia, who agreed on the development of the economic corridor, which would run from China to Russia, across Mongolia. The presidents of the three countries met on the sidelines of the Shanghai Cooperation Organisation Annual Meeting, in Tashkent, Uzbekistan to discuss the programme.