[cpsnewswire] [BREAKING NEWSs] Aspire Announces 330Mt JORC; TDBM to sell $150M Bond

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

 

Aspire Mining Limited (ASX:AKM) Announces New Major Mongolian Coal Resource At 100% Owned Ovoot Coking Coal Project

Perth, Australia, Oct 14, 2010 (ABN Newswire via COMTEX) --

Aspire Mining Limited (ASX:AKM) (PINK: ASPXF |  is pleased to announce a significant JORC Coal Resource for the Ovoot Coking Coal Project.

Over 80% of the Total Coal Resource is in the Measured and Indicated Category with approximately 75% of the resource being above 250 metres vertical depth. The relatively shallow depths of the coal present significant potential for a large scale open pit coal mine.

The Company's independent consultant CSA Global Pty Ltd, has confirmed the following maiden Resource estimation:

Table 1. Summary Coal Resource

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                   Insitu Coal Resource (mt)

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           Non Oxide (mt)    Oxide (mt)    Total (mt)

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Measured      93.3              -            93.3

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Indicated    182.4              -           182.4

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Inferred      30.4             24.6          55.0

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Total        306.1             24.6         330.7

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…

Link to release

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Trade and Development Bank of Mongolia Said to Plan $150 Million, 3-Year Bond Sale

Oct. 14 (Bloomberg) -- Trade & Development Bank of Mongolia LLC plans to sell $150 million of three-year notes, according to a person familiar with the matter who asked not to be identified as details are private.

The lender hired ING Groep NV to help it organize meetings with credit investors in Asia and London, another person familiar with the matter said on Oct. 12.

Link to article

 

 

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"Mogi" Munkhdul Badral

Executive Director

CPS International

Email: mogi@cpsinternational.mn

Mobile: +976-99996779

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.