4-Traders: Aspire Mining Limited Signs MOU with Russian Railways Mongolian Subsidiary

Aspire Mining Limited (“Aspire” or “the “Company”) is pleased to announce it has signed a non-binding Memorandum of Understanding (“MOU”) with the Mongolian subsidiary of rail giant JSC Russian Railways (“RZD” or “Russian Railways”) to discuss extending the Trans-Mongolian Railway across northern Mongolia, including to Aspire’s Ovoot Coking Coal Project (“Ovoot”). Aspire said the MOU with Infrastructure Development LLC (“ID”) would explore the development of a strategic partnership between ID and Aspire infrastructure subsidiary, Northern Railways LLC (“Northern Railways”), to build, own and operate an extension of the existing Trans-Mongolian Railway at Erdenet through to Ovoot via the town of Moron. The Trans-Mongolian Railway network is operated and developed by the Ulaanbaatar Railway Mongolian-Russian Joint Venture (UBTZ), in which The Government of The Russian Federation is a 50 percent shareholder, with the remainder held by the Mongolian Government. To read the full article, click hereAspire Mining Limited Signs MOU with Russian Railways Mongolian Subsidiary

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