Aspire Mining study positions Ovoot as potential low cost coking coal producer: "Aspire Mining has completed a revised pre feasibility study that shows the Ovoot Coking Coal Project in Mongolia could become one of the lowest cost producers of coal into China.
The PFS revision is based on a large open pit mine delivering up to 14 Mtpa and a small underground mine delivering up to 0.75 million tonne per annum of raw coal over 20 years.
In August 2012 the company was granted a mining lease MV 017098 which covers the planned Ovoot open pit and underground operations. The Project review identified significant operational savings from the mine plan now having a large proportion of backfilling and using an owner miner model."
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