Aspire Mining Limited is an ASX listed (ASX: AKM) 100% metallurgical coal company focused on developing world class premium coking coal deposits in an environmentally sensitive manner in Mongolia, delivering long term shareholder returns, and contributing to the social and economic enrichment of local communities.
Mongolia is a resource rich country, with a rapidly developing coal mining industry expected to become a key global supplier given Mongolia’s close position to some of the largest steel making producers worldwide – China, Japan, Korea and Russia.
Aspire is a large coal tenement holder in the Orkhon-Selenge Coal Basin in northern Mongolia with a 100% interest in the world class Ovoot Coking Coal Project (Ovoot), and a 90% interest in the Nuurstei Coking Coal Project (Nuurstei).
There are many varieties of coal in the world, ranging from brown coal or lignite to anthracite. The property that really sets coking coals apart from other coals is its caking ability, which is the specific property required in order to make coke suitable for steel making.
Coke is produced by heating coking coals in a coke oven in a reducing atmosphere. As the temperature of the coal increases, it becomes plastic, fusing together before resolidifying into coke particles. This is known as the caking process. The quality of the resultant coke is determined by the qualities of the coking coals used, as well as the coke plant operating conditions.
Coke quality is largely influenced by coal rank, composition, mineral content and the ability to soften when heated, become plastic, and resolidify into a coherent mass. Bituminous class coals of high, medium, and low volatile rank that possess these properties are called “coking” coals.
High quality coking coals are in great demand by steel producers, who need these coals to make high quality coke to maximise the productivity of their blast furnace operations.
Aspire conducts its activities in the vicinity of various sub-provinces (“soums”) within the Khuvsgul Province of northern Mongolia. The soums which lie closest to Aspire’s projects are Tsetserleg, Tsagaan Uul, and Burentogtokh.
Aspire’s dedicated community relations team engage and work closely with the local communities to promote advancement in education, health, environmental sustainability and economic development.