Australia-based, Mongolia focused coking coal explorer Aspire
Mining Limited has announced that it has signed a non-binding memorandum of
understanding with the Mongolian subsidiary of rail giant Russian Railways to
discuss extending the Trans-Mongolian Railway across northern Mongolia, to
include Aspire’s Ovoot coking coal project.

Aspire said that the memorandum of understanding will
explore the development of a strategic partnership between the Mongolian
subsidiary of Russian Railways and Northern Railways LLC, Aspire’s
infrastructure subsidiary, to build, own and operate an extension of the
existing Trans-Mongolian Railwa at Erdenet through to Ovoot via the town of
Moron. It also provides a framework to discuss amongst other things the
application for a rail concession for Erdenet-Moron-Ovoot rail line,
investment, and network rail capacity and integration.

Source: www.steelorbis.com