Aspire Mining (ASX:AKM) signed a memorandum of understanding with ELM Equipment to collaborate on designing, supplying, and maintaining bespoke trailers for the haulage of washed coking coal for the Ovoot project in Mongolia, according to a Thursday filing with the Australian bourse.
The company is also procuring prime movers from European manufacturers, with financing options currently being evaluated, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.