Aspire looks at funding options for Ovoot plant

Metallurgical coal developer Aspire Mining has signed a non-binding memorandum of understanding (MoU) with Sinosteel Equipment & Engineering to discuss engineering, procurement and construction (EPC) funding options for the Ovoot early development project wash plant, in Mongolia.

The two companies would now enter talks regarding the EPC-based funding, as well as trade-based finance solutions.