Articles On Aspire Mining (ASX:AKM)

Hancock Prospecting is making a big move into magnetite iron ore, this week inking an initial $9 million deal to farm into the Mt Bevan iron ore project owned by juniors Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW). It’s an in...

Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts...

After a positive Monday to Thursday, the ASX wiped out gains made across the week, losing more than 1% today The ASX followed a plunge on Wall Street with the ASX 200 closing at 7,324, which was 1.44% lower than yesterday’s close. While Wal...

If there was any doubt about the importance of grade in iron ore, check out the latest numbers from Mineral Resources (ASX:MIN). Chris Ellison’s miner suffered a 48% discount to average Platts 62% iron ore prices in the September Quarter. T...

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

On a day Facebook was out for 6 hours, the tech sector – in Australia and abroad – was sold off and that was enough to send the ASX into negative territory. The ASX 200 closed 0.41% down at 7,248 points and tech was easily the worst sector,...

Stage 2 FEED study aims at increasing the level of detail and accuracy in design and cost estimations for the preferred infrastructure configuration expected to be completed within the December quarter.

The company is focused on engineering, permitting and financing the Ovoot Coking Coal Project in Mongolia with the intention to mine coking coal by open pit and delivering to customers in China and Russia via the existing Mongolian rail net...

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Coal players — both coking (steelmaking) and thermal (power) — have ridden rough seas for the past few years. Things are now starting to get better. A lot, lot better. Premium Low Vol CFR China – a benchmark for Chinese coking coal imports...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

Iron ore prices fell to their lowest level in two and a half months on the back of noise about steel production cuts in China on Friday, only to moderate on Monday. A 7% flop in iron ore prices to a little over US$180/t to end last week wou...

Are Chinese steel margins on the way back up? Sliding and eventually negative steel margins in June led many analysts to the conclusion that high prices for iron ore would slide rapidly in the second half of the year as steel producers look...

Tasmanian iron ore producer Grange Resources (ASX:GRR) has become well known for the quality of its iron ore and, while small in volume, makes up for it in tactical nous by supplying pellets that grade around 65%. The Caleb Daniel of the ir...

In spite of China’s complaints about commodity prices, iron ore was relatively steady in June after a volatile May, with benchmark 62% fines opening the first full week of the new financial year above US$220/t. Those price levels, up from a...

The sun is shining again on Australian iron ore, at least for now, with prices again threatening to touch historic levels just one month after reaching record highs. Benchmark 62% fines opened the week in China at US$222.30 a tonne, just US...

The company recently received fresh laboratory results confirming the OCCP has high-quality premium fat coking coal of high value and looks well placed to cater for increasing demand as neighbouring China shifts away from Australian coal.

• Benchmark 62% Fe iron ore price closes a wild month after 5.6% rally to $US198.75 • Iron ore futures trend higher at the end of a week dominated by talk about Chinese intervention • Coking coal finds price support as Aussie export prices...

The FEED study will support the commencement of operations at the wholly-owned Ovoot Coking Coal Project in the Khuvsgul aimag of northwestern Mongolia.

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

A 60-kilogram sample of fresh coking coal indicative of Ovoot’s Upper Seam, which will be the focus of the Ovoot Early Development Project, was tested by SGS in Tianjin China.

The company is awaiting the first opportunity to reconvene the required meeting to present its detailed environmental impact assessment for community comment and acceptance.

Iron ore 62 per cent fines prices were unchanged this week at US$188 per tonne Hard coking coal prices were up US$0.35 to $US111.13 per tonne at Queensland ports The Chinese steel industry has pointed the finger at the concentrated owners...

Iron ore 62 per cent fines prices traded this week at $US182 per tonne, up $US7.45 on a week ago Hard coking coal prices were down $US2 on-week at $US105.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $US9.55...

Iron ore 62 per cent fines prices traded this week at $US174.55 per tonne, up $US3.65 on a week ago Hard coking coal prices were down $US1.50 on-week at $US107.10 per tonne at Queensland ports China’s steel reinforcing bar price is down $U...

Iron ore price predictions are all over the shop. lol.Clearly, no one has a clue where iron ore prices will end up. But we can tell you where they’ve been (and maybe where they’re going next). Prices are still at historically high levels, b...

Iron ore fines prices traded this week at $US168.90 per tonne, up $US11.80 on a week ago Hard coking coal prices were 45 US cents lower on-week at $US105.80 per tonne at Queensland ports China’s steel reinforcing bar price is up $US10 this...

Iron ore fines prices traded this week at $US157.10 per tonne, $US6.50 lower on a week ago Hard coking coal prices were $US2.40 lower on-week at $US106.25 per tonne at Queensland ports China’s steel reinforcing bar price is $US5 higher thi...

Iron ore fines prices traded this week at $US160.50 per tonne, up $US3.45 on a week ago Hard coking coal prices were 50 cents higher on-week at $US133.55 per tonne at Queensland ports China’s reinforcing bar price is at $US667 per tonne, d...

The metallurgical coal and infrastructure company plans to export up to 4 million tonnes of coking coal to China once its Ovoot Project in Mongolia comes into production.

The company’s Ovoot Early Development Project PFS confirms that significant coking coal production can be achieved from Ovoot at a low capital cost to unlock attractive economics.

Summary Aspire Mining progressed well at its wholly owned Ovoot Coking Coke Project, situated in Northern Mongolia. The focus of OEDP is to truck washed coal over 560km from the mine site to the nearest Erdenet-based rail head. A major...

Summary The growing focus of China for infrastructural development has increased demand for coking coal required during steel production.  Mongolia, having close proximity to China is expected to become one of the preferred alternative...

Summary Primary activities undertaken by Aspire Mining during the financial year included OEDP study, the advancement of necessary approvals, studies’ completion, and funding for developing the OEDP. The capital raising of $36.3 million...

Australian-listed Junior resource company, Aspire Mining Limited (ASX: AKM) by virtue of its robust project portfolio in mineral-rich Mongolia appears to be at a vantage point. Mongolia, a landlocked country sharing its borders with China a...

Summary Aspire Mining Limited has been focussed on advancing Definitive Environmental Impact Assessment (DEIA) which would allow the Company’s access to the site area for starting the ground activities.  The Company is pursuing produ...

Summary Aspire Mining has been significantly engaged in preparing financial, operation and budget models that would aid in spurring commercial production of Ovoot coking coal production following the receipt of access to the OCCP.  The...

Summary Aspire Mining in the wake of COVID-19 gathering restrictions in Mongolia advanced its activities typically channelled towards realising cost, operative, ecological and social benefits. The Company undertook the preparation of a...

Summary China’s Purchasing Manager’s Index reached 50.9 in June 2020 signalling strong economic recovery and growth prospects for metallurgical coal, which is a vital component of the steel production process.  China is the wor...

Summary China’s Purchasing Manager’s Index reached 50.9 in June 2020 signalling strong economic recovery and growth prospects for metallurgical coal, which is a vital component of the steel production process.  China is the wor...

Summary Focussed on facilitating the future operations at Ovoot Early Development Project, Aspire Mining is dedicated to creating a reliable transportation infrastructure.  The phased development plan for the special purpose road betwee...

Mongolia saw the massive victory of the current ruling party, Mongolia Political Party in the 2020 elections which promises another round of similar emphasis on the mineral exploration for economic development. The ruling party riding on th...

Steadily and strategically crafting its way, Australian leading pure-play metallurgical coal project developer, Aspire Mining Limited (ASX: AKM) is advancing well on its world-class Ovoot Coking Coal Project (OEDP). The company’s endeavours...

Australian-based leading pure-play metallurgical coal focussed Aspire Mining Limited (ASX: AKM) has achieved significant progress in advancing the Ovoot Early Development Plan (OEDP), the first stage of its flagship Ovoot Coking Coal Projec...

Aspire is developing the Ovoot Coking Coal Project in two stages with the second stage requiring the Erdenet to Ovoot rail extension.

Australia-based leading pure-play metallurgical coal (coking coal) project developer, Aspire Mining Limited (ASX: AKM) is currently advancing its flagship asset – the Ovoot Coking Coal Project (100%-owned) located in the Orkhon-Selenge Coal...