ASX Announcement by Aspire: New Rail Policy Includes Erdenet to Ovoot to Arts Suuri Rail


27 October2014

  • Mongolian Government officially affirms recent agreements with Russia and China to deliver large scale transport infrastructure
  • Rail link from Erdenet west to Aspire’s wholly owned Ovoot Coking Coal Project and on to the Russian Border at Arts Suuri approved
  • Decision paves the way for a rail solution connecting the Ovoot Coking Coal Project with major international coal markets
  • Underpins economic development and regional integration of Northern Mongolian Provinces
Aspire Mining Limited (ASX: AKM, the “Company” or “Aspire”) is pleased to announce that a new National Rail Policy (“Rail Policy”) was approved by a strong majority at last Friday’s sitting of the Mongolian Parliament. The new Rail Policy includes the extension of rail from Erdenet to Ovoot and on to the Russian border at Arts Suuri (“Northern Rail Line”). This represents a new important rail connection between Russia, Mongolia and through the Trans-Mongolian Railway to China. The Rail Policy also stipulates the required rail gauges for specific rail lines in Mongolia’s south.

The Mongolian Government is now empowered to negotiate a Concession Agreement for the railway between Erdenet to Ovoot as the first stage of the Northern Rail Line.

This Rail Policy decision follows the recent addition of the Erdenet to Ovoot railway onto the Mongolian Government’s Concession List of "Approved Projects".

In the medium term, the Erdenet to Ovoot railway is positioned to form a critical link within a highly strategic rail network connecting the Ulug Khem coking coal basin in Russia’s south with the Trans- Mongolian Railway through to China. The Ulug Khem coking coal basin is estimated to contain approximately 2.5 billion tonnes of metallurgical coal reserves and when combined with Aspire’s wholly owned Ovoot Coking Coal Project ("Ovoot Project"), will represent a major new long term source of high quality coking coal. Exports from this very large coal basin in Russia to China are expected to provide substantial transit freight volumes for both the Erdenet to Ovoot railway and the Trans-Mongolian Railway.

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SGX Announcement by Noble: Noble Group to Report 2014 Nine Months Financial Results on 7 November 2014


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Noble Group Limited (SGX: N21), a global supply chain manager of industrial, energy and agricultural products , today announced that it will report its financial results for the nine months ended 30 September 2014, after the Singapore market closes on 7 November 2014.


Noble Group announces senior appointments


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Maximum score in CDP Climate Change Program


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Noble Group has been awarded the "Best Overall Disclosing Company" in Hong Kong and South East Asia region in the 2014 CDP Climate Change Program. The response scored maximum points for climate information disclosure, a rise from 99 out of 100 points compared to the previous year. The score was based on data transparency and a solid foundation of addressing climate change and managing the Group’s carbon emissions. Noble has been included in the Asia ex-Japan Carbon Disclosure Leadership Index for the last four years.


SGX Announcement by Noble: Notification of Acquisition of Subsidiary


(Incorporated in Bermuda with limited liability)

Noble Group Limited (“Company”) wishes to announce that its wholly-owned subsidiary, General Alumina Holdings Limited, on 15 October 2014, has agreed to acquire a 100% shareholding interest (“Acquired Shares”) in Alcoa Minerals of Jamaica LLC (“AMJ”), a company incorporated in Delaware (“Acquisition”). Upon completion of the Acquisition, AMJ will become an indirect wholly-owned subsidiary of the Company.