MTA-AUS 2014

CONEXPO-CON/AGG VIP SHOW GUIDE contains Floor Plans and a complete listing of companies exhibiting at the ConExpo-Con/Agg 2014 trade show in Las Vegas March 3-7, 2014. It also contains 2014 forecasts for the Aggregate, Concrete and Cement industries

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28 MINING & TECHNOLOGY AUSTRALIA 2014 | ISSUE 8 TECHNOLOGY & INNOVATION RECENT AMENDMENTS, PROPOSED POLICY and legislation changes are having a big impact on Mongolia's mining and infrastructure sectors. Mongolia is well-placed on the international playing feld – backed by heavyweights Russia and China. Foreign and domestic investors are being encouraged to dip their toes back into a country with signifcant resource wealth. The now- relaxed investment law hints at the moratorium on exploration licenses being lifted, as well as signifcant national infrastructure investment to support project development. Regarding the recent legislative events, David believes that this will be a real catalyst for new players coming back into Mongolia. "It'll certainly support the minerals sector and along with planned infrastructure development, unlock areas that have previously been considered remote, stranded and risky from a junior explorer viewpoint," he says. New market entrants will be assisted with the setup of a Mongolian investment bureau, which will act to streamline procedures required to set up operations in Mongolia. Since acquisition, Aspire Mining has defned the second largest coking coal project in the country, which at full production would produce up to 10mtpa of high quality coking coal over 21 years. Aspire's Ovoot project has been named by the Government of Mongolia as one of the key input sources for the largest industrial complex development – The Sainshand Industrial Complex. It's expected to be completed in 2017 and will comprise coke and steel plants (plus other industry facilities). "There's a non-binding MOU signed for the supply of Ovoot coking coal to Sainshand. Ovoot is recognised as one of the key coal suppliers which also includes Tavan Tolgoi," David observes. Rail infrastructure The Company's subsidiary Northern Railways LLC plans to construct a 547km railway, which will connect Ovoot to the town of Erdenet and thereby connect Ovoot to the Mongolian national rail network. The terrain is mostly fat Mongolian tundra, which makes for a relatively easily constructible rail alignment. Completion is estimated in three years from construction commencement, following the receipt of rail concession from the Government. Mongolia presents a unique opportunity in the way of infrastructure for rail, pipelines for oil and gas, and a major trucking highway currently in development. It was only recently that an agreement was entered into between Mongolia, China and Russia to invest in Mongolian infrastructure, including an increase to capacity on the Trans-Mongolian railway line. It will facilitate future-planned increased levels of trade between the three countries. Mongolia will become a major transit corridor for the export of Russia's enormous oil and gas reserves and natural resources to China, the world's largest consumer of these commodities. Mining infrastructure – Why it's the future of coal production Ovoot project, courtesy of Aspire Mining Ahead of AusAsia-MinTech 2014, Jared Haube caught up with David Paull, MD of Aspire Mining, to discuss the company's Ovoot Coking Coal project and insights into developing infrastructure in Mongolia.

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