It has been confirmed that 25-50 percent of Aspire Mining's Ovoot coking coal is primary coking, according to China's coal classifications.
This means the Mongolian blend has the same quality as primary coal supplied by Australia, the USA, and Canada to the Chinese market.
Several economic indicators suggest that the demand for primary coking coal in China is likely to increase.
Primary coking coal supply from Mongolia to China is expected to reach 83 million tons by 2020, with an increase of 32 million tons. It is estimated that the Ovoot coking coal deposit contains 255 million tons of coal according to JORC reporting.
The first phase of Ovoot production is planned for 2018 to export five million tons of coal, with future plans to increase output to 10 million tons.