Aspire step closer to Nuurstei production

WA-based metallurgical coal explorer Aspire Mining has been granted a 30-year mining lease for its Nuurstei coking coal project in northern Mongolia.

The news followed Aspire’s increased ownership interest in July, from 50 per cent to 100 per cent in the corporate entity which holds a 90 per cent interest in the project.

Aspire managing director David Paull said securing a mining license was an important milestone and reflected the Mongolian Government’s continued support for the company and the coal industry in general.

“The company is now working very hard on commercialising this high quality coking coal project as soon as possible,” Mr Paull said.