Aspire (ASX:AKM) has received multiple tender submissions for the design, procurement, supply, construction management, and commissioning of its planned coal handling and preparation plant and coal handling infrastructure at the Erdenet Rail Terminal.
The development of this infrastructure marks a critical milestone for the Ovoot Coking Coal Project.
Aspire partnered with Australian procurement specialist consultancy Procurement Co. to facilitate a global tender process, ensuring a competitive selection of cutting-edge technologies and cost-efficient construction solutions.
The tender process attracted submissions from companies headquartered in Mongolia, Australia, China, and South Africa, all with extensive experience in Mongolia's extreme cold climate.
Aspire is currently evaluating the proposals and expects to finalise contract negotiations by the second quarter, with project execution commencing shortly thereafter.
The scope of works for both the CHPP and ERT coal handling infrastructure aligns with world-class concepts derived from previously completed front end engineering design studies.
The construction and commissioning of the CHPP and ERT coal handling infrastructure are strategically vital for Aspire.
At the time of reporting, Aspire's share price was $0.26.