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Appointments 31 Jan 2023

Board Moves January 31, 2023

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Our board moves wrap includes Hannah Badenach, Thomas Abraham-James, Wayne Bramwell, Michelle Woolhouse, Eldon Wan, Kee Kong Loh, Strati Gregoriadis, David Pass, Phil Hearse, Andrew Rutherford, Michael Rennie, Lesa Francis, Mladen Stevanovic, and Milos Bosnjakovic.

Appointments 07 Dec 2022

Board Moves December 7, 2022

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Our board moves wrap includes Emily Austin, Philip Rundell, Geoff Newman, Mark Sumich, Andrew Umbers, Mindy Ku, Damian Hicks, Amanda Scott, Markus Bachmann, Clay Gordon, Ian Gregory, Deborah Ho, Benjamin Donovan, Andrew Bruton, Julian Goldsworthy, and Kevin Seymour.

Appointments 11 Oct 2022

Board Moves October 11, 2022

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Our board moves wrap includes David Paull, Neil Lithgow, Steve Voorma, Dean Taylor, Peng Zhang, Max Ji, Paul Burton, David Kelly, Phillip Wilding, Lisa Smith, John Featherby, Imants Kins, Carlos Arecco, Richard Henning, Juan Manuel Santos, and Carolina Arecco.

Aspire Mongolian coal play to make $279m a year Bulls N' Bears 07 Nov 2019

Aspire Mongolian coal play to make $279m a year

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Aspire Mining has released an updated PFS for its Ovoot Early Stage Development metallurgical coal project in Mongolia, saying the operation will pump out a stunning annual EBITDA of AUD$279m from the production of 4 Mtpa of high-value, “fat” coking coal, delivered into China. The updated PFS shows material reductions in capital and operating costs, with exceptional margins based on a coal price of AUD$218 per tonne.

Aspire flags 2020 DFS release for Mongolian coal play Bulls N' Bears 10 Oct 2019

Aspire flags 2020 DFS release for Mongolian coal play

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Aspire Mining's DFS for its high-quality coking coal project in northern Mongolia will be released in mid-2020, after slight delays in approvals for the infrastructure. In May, the Mongolian Government endorsed the company's ore reserves for the Ovoot Early Stage Development project, allowing Aspire to commence the relevant environmental studies, social impact studies and project management plans for the proposed coal mine.

Aspire secures $100m guarantee from major shareholder Bulls N' Bears 16 Sep 2019

Aspire secures $100m guarantee from major shareholder

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Aspire Mining has received a show of support from its major shareholder Tserenpuntsag Tserendamba, who has committed to arrange a corporate guarantee of up to $100m to support future debt or project financing for its Mongolian Ovoot Early Development coal project, or “OEDP”. Mr Tserenpuntsag is also in the process of increasing his stake in the company from 27.5% to 51% through a $33.5 million share placement.

Aspire raises $33.5m Deals 06 Sep 2019

Aspire raises $33.5m

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Metallurgical coal developer Aspire Mining has announced a strengthened financial position with a $33.5 million proposed investment by its major shareholder along with a strategic board restructure.

Mongolia green lights Aspire’s coal reserve estimates Bulls N' Bears 27 May 2019

Mongolia green lights Aspire’s coal reserve estimates

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Aspire Mining's DFS for its high-quality coking coal project has moved forward, with the Mongolian Government endorsing the company's ore reserves for the Ovoot Early Stage Development project and approval of the Feasibility Study results expected shortly. These milestones enable Aspire to commence the relevant environmental studies, social impact studies and project management plans for the project.

Aspire to spit out $240m a year from Mongolian coal Bulls N' Bears 01 Mar 2019

Aspire to spit out $240m a year from Mongolian coal

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Aspire Mining has generated outstanding results in the PFS for its Ovoot coking coal project in Mongolia. The study outlines pre-tax NPV of AUD$820m and IRR of 43.7% and produces 4 million tonnes annually for delivery into China at an exceptional margin of AUD$96 per tonne. The project has an initial mine life of just over nine years and produces an annual EBITDA of AUD$240m.

Aspire set to pounce on supply gap for coking coal Bulls N' Bears 16 Jan 2019

Aspire set to pounce on supply gap for coking coal

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Aspire Mining has reported that the expected supply and demand gap in the high quality, “fat” coking coal market in China over coming years will assist in fast tracking the development of its Ovoot coal project in north western Mongolia. The company recently finalised a $15m financing package for the project and is now debt free and fully funded through to the completion of all required feasibility studies.

Aspire banks $15m for Mongolian coal play Bulls N' Bears 07 Dec 2018

Aspire banks $15m for Mongolian coal play

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Mongolia focussed coal developer Aspire Mining has completed a $15m financing package for its Ovoot coking coal project in the northwest of the country and is now debt free and fully funded to complete the required feasibility work. Upcoming studies will focus on a high quality, low ash, low strip ratio carve out from the Ovoot ore reserve, concentrating on extraction and processing of the premium Ovoot upper seam.

Aspire proves up viability of Russian rail link Bulls N' Bears 30 Oct 2018

Aspire proves up viability of Russian rail link

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Aspire Mining says that a proposed rail line that will link its Ovoot coking coal project in Mongolia to the proposed Kyzyl - Arts Suuri section of the Russian rail network at the border port of Arts Suuri is viable. The 238.6km rail line will cost USD$581.8m, which is in the range estimated by a scoping study completed in 2015 and comparable to the Erdenet to Ovoot feasibility study.

Aspire looks to fast track Mongolian coal play Bulls N' Bears 29 Aug 2018

Aspire looks to fast track Mongolian coal play

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Aspire Mining has secured a $15m financing package that will support the early development of its flagship Ovoot coking coal project in Mongolia where Aspire is looking to truck coal from a starter pit to the existing rail head at Erdenet. Cash flows from the project could begin within 12 to 15 months once all approvals are received, funding is committed and a decision to mine is made.

Aspire to meet Mongolian rail conditions by 2Q 2019 Bulls N' Bears 13 Aug 2018

Aspire to meet Mongolian rail conditions by 2Q 2019

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Aspire Mining's 80%-owned subsidiary Northern Railways has secured an 18 month extension from the Mongolian Government to meet the remaining conditions for its Erdenet to Ovoot Rail Concession Agreement. The company is targeting completion of the Definitive Environmental Impact Assessment and Management Plan and land use agreements by the June 2019 quarter and it will also look to have funding in place by then.

Russian rail option opens up for Aspire coal Bulls N' Bears 18 Jun 2018

Russian rail option opens up for Aspire coal

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Aspire Mining's proposed railway line in Mongolia is firming up as the Russian and Chinese Government's recognize the strategic value of Mongolia as a transport hub. Aspire is now evaluating a dual transportation option for its Mongolian coking coal after Russia and Mongolia signed off on a long-awaited agreement for transporting goods. Under the deal, coal exports will receive a 66% discount on the Russian rail system.

Study gives Aspire confidence for Mongolian railway Bulls N' Bears 05 Jun 2018

Study gives Aspire confidence for Mongolian railway

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Aspire Mining's dream of a northern Mongolian railway has taken a leap forward with a feasibility study finding it could deliver coking coal from the company's Ovoot deposit to world markets at competitive prices. The study highlighted the positive economics of the US$1.25 billion project which Aspire says will churn out US$2.75b in free cash after tax over thirty years.

Chinese giant recommits to Aspire coal rail plan Bulls N' Bears 16 Apr 2018

Chinese giant recommits to Aspire coal rail plan

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ASX-listed Aspire Mining has received fresh support from its giant Chinese engineering partner for a 550km railway to bring its Ovoot coking coal deposit to market in China and Russia. Under a new MOU promoted by both the Chinese and Mongolian governments, Aspire's Chinese partner aims to finalise its feasibility study on the planned railway as early as next month.

Aspire in dual rail play to underwrite Mongolian coal Bulls N' Bears 23 Mar 2018

Aspire in dual rail play to underwrite Mongolian coal

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With one positive feasibility study on its desk, Mongolian coking coal explorer, Aspire Mining, has launched another. The first already shows the viability of a rail line to the east of the giant Ovoot coal play and the second will assess the viability of a line to the west. The proposed new line will open up Russian Chinese trade opportunities and underwrite Ovoot in the process.

Aspire to upgrade coal resource for production in Mongolia Bulls N' Bears 16 Mar 2018

Aspire to upgrade coal resource for production in Mongolia

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Aspire Mining has begun a 58-hole, 10,000 metre drilling campaign at its Nuurstei coking coal Project in Northern Mongolia in an endeavour to upgrade its resource in readiness for production. The Perth-based explorer, and aspiring coal miner aims to complete a feasibility study this year and has flagged potential first production from Nuurstei from as early as the first quarter of next year.

Aspire reignites coking coal flame in Mongolia Bulls N' Bears 19 Feb 2018

Aspire reignites coking coal flame in Mongolia

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Former market darling Aspire Mining is back on the front foot in Mongolia thanks to a big rebound in coking coal prices and its good fortune in landing in the middle of China's ambitious plans to build railway routes into Europe. The company has seized the opportunity to recapitalise its balance sheet and is aiming to be in production by mid-2019 with its smaller satellite coal deposit.

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