AKM 0.00% 21.0¢ aspire mining limited

Mongolia Coal Corporation more than tripled in value, page-40

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    http://www.ord.mn/index.php?newsid=13498

    Mogoin Gol is adjacent to the aspire license and already operational. Why on earth aspire taking that long to go operational. Google translated article below:

    Khuvsgul / MONTSAME / The coal mine of Mogoin Gol JSC in Khuvsgul aimag has expanded its operations and started exporting coal to the Chinese market. The mine was established in 1971 to supply coal to consumers in Zavkhan and Khuvsgul aimags. The mine's reserves are estimated at 12 million tonnes, and about two million are currently in use.
    Coal from the Mogoin Gol mine produces low-calorific waste and is exported from the depths of the mine to extract high-density coal capable of smelting iron. In previous years, the use of high-calorific coal in smelters was associated with a risk of pot cracking.
    This year, the Mogoin Gol mine has set a goal of stripping 500,000 cubic meters of soil, extracting 480,000 cubic meters and extracting 100,000 tons of coal.

    Coal is being sold to consumers in Zavkhan and Khuvsgul aimags for 33,000 MNT per ton, while in the Chinese market it is being sold for 39,000 MNT in the first place, and the policy is to increase the price in the future. Coal is transported from Mogoin Gol to Erdenet by truck and from Erdenet by train.
 
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