Ovoot is Aspire's 100%-owned premium fat coking coal development in northwestern Mongolia. Its US$69.9 million EPC contract for the coal handling and preparation plant and Erdenet Rail Terminal coal-handling infrastructure is effective, with detailed engineering, procurement and construction planning in progress. The lower-initial-capital strategy rents a vendor-maintained mining fleet for the first three years, contracts the road-haulage fleet for the first five years, defers non-critical mine-site facilities while using existing infrastructure, and uses vendor-built or leased supporting facilities. Development remains dependent on financing and timely delivery of the road PPP, rail capacity, power, water and outstanding permits.
- Country
- Mongolia
- Commodity
- Coal
- Stage
- Construction