Aspire Mining raises capital for Mongolian coking coal projects

摘要

In its quest to tap its coking coal explorationassets in Mongolia, Australia’s Aspire Mining announcedWednesday that it had secured $2.1 million in precommitmentsas part of its $6 million capital raising program.Aspire’s flagship 100%-owned Ovoot Coking Coal Projectis located in northern Mongolia with an Australian Joint OreReserves Committee compliant reserves of 255 million mt ofcoking coal and is considered to be the second largest cokingcoal reserve in the country.