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Perth, April 26, 2012 (ABN Newswire) - Mongolian coal explorer Aspire Mining Limited (
ASX:AKM) is pleased to advise that it has agreed to assist to fund the completion of construction of a local hospital near to the Company's Ovoot Coking Coal Project ("Ovoot") in northern Mongolia.
In addition, Aspire has provided funding for two medical doctors to provide healthcare services onsite and to communities ("soums") surrounding Ovoot.
New Tsetserleg Hospital
Aspire, in partnership with the Khuvsgul Provincial Government ("Khuvsgul Government") has agreed to contribute 50% of the funds required to complete the construction of a new 20 bed Hospital at the Tsetserleg soum with the Khuvsgul Government providing the balance.
Commencing in October 2010, construction was halted in June 2011 due to lack of funding to complete the works. To date, the Khuvsgul Government has spent US$140,750 on the hospital's construction.
Aspire's contribution has enabled Construction of the hospital to commence again and is expected for completion in November 2012.
The Tsetserleg soum is badly in need of an upgraded hospital after a 2009 Government inspection report recommended closure of the existing hospital due to significant structural damage and ageing. A smaller clinic, 25 kilometres from the soum, has proved difficult for some residents to access.
The new hospital, designed by local Mongolian company TETU LLC, will include facilities to provide medical aid for special circumstances including ill children, maternity, pre and postnatal care, and quarantine for infectious diseases.
The new hospital is in line with the Khuvsgul Province Socio-Economic Development Plan for 2008-2015 to improve health services in the region, and in accordance with the Company's policy of corporate social responsibility to the environment it operates within.
ASX:AKM) is pleased to advise that it has agreed to assist to fund the completion of construction of a local hospital near to the Company's Ovoot Coking Coal Project ("Ovoot") in northern Mongolia.In addition, Aspire has provided funding for two medical doctors to provide healthcare services onsite and to communities ("soums") surrounding Ovoot.
New Tsetserleg Hospital
Aspire, in partnership with the Khuvsgul Provincial Government ("Khuvsgul Government") has agreed to contribute 50% of the funds required to complete the construction of a new 20 bed Hospital at the Tsetserleg soum with the Khuvsgul Government providing the balance.
Commencing in October 2010, construction was halted in June 2011 due to lack of funding to complete the works. To date, the Khuvsgul Government has spent US$140,750 on the hospital's construction.
Aspire's contribution has enabled Construction of the hospital to commence again and is expected for completion in November 2012.
The Tsetserleg soum is badly in need of an upgraded hospital after a 2009 Government inspection report recommended closure of the existing hospital due to significant structural damage and ageing. A smaller clinic, 25 kilometres from the soum, has proved difficult for some residents to access.
The new hospital, designed by local Mongolian company TETU LLC, will include facilities to provide medical aid for special circumstances including ill children, maternity, pre and postnatal care, and quarantine for infectious diseases.
The new hospital is in line with the Khuvsgul Province Socio-Economic Development Plan for 2008-2015 to improve health services in the region, and in accordance with the Company's policy of corporate social responsibility to the environment it operates within.
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About Aspire Mining Limited
Aspire Mining Limited (ASX:AKM) owns 100% of the Ovoot Coking Coal Project in northern Mongolia. Aspire completed a Pre-Feasibility Study for the Ovoot Project in May 2012, targeting a large scale open pit mining operation, with production of 10-12 Mtpa of saleable coking coal at full capacity. Aspire is targeting first production at Ovoot in early 2016 subject to approvals and licenses. Ovoot ranks as the second largest coking coal Reserve, by project in Mongolia, with a JORC Code compliant Coal Resource at Ovoot of 252 Mt (156 Mt Measured, 70 Mt Indicated, 26 Mt Inferred) and Probable Coal Reserves of 178 Mt. Aspire is continuing to progress its application for a mining license, and access to rail infrastructure and other regulatory approvals.
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