Australia's Aspire Mining Limited (Aspire) has entered into a strategic marketing and logistics agreement with the trading firm of Noble Group Limited (Noble) for the development of Aspire's world class Ovoot coking coal project in Mongolia.
Under the agreement, Noble will market at least 50 percent of the first five million mt of coking coal produced from Ovoot and will manage the logistics chains between Mongolia's third-largest city Erdenet and end customers in respect of these sales. The agreement also includes the development of the rail link between Ovoot and Erdenet.