The Australian mining company Aspire says it has signed an agreement with Noble Group Limited to develop the Ovoot coking coal project in northern Mongolia. Noble, which currently owns more than eight percent of Aspire, is one of the world”s largest commodity trading and logistics companies, and moves coal into most major global markets.

Aspire says the Ovoot project is the largest coking coal deposit in northern Mongolia.

Noble has significant experience in developing supply-chain platforms and will work with Aspire to utilize Noble’s strategic alliances and relationships within Russia and China.

Under the agreement, Noble will also support Aspire’s subsidiary, Northern Railways LLC, in developing a proposed rail link between Ovoot and the rail link at Erdenet.