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About Aspire Mining
Its shares trade on ASX under the ticker AKM.AX. It has been listed since 6 February 2007. In the fiscal year to 31 December 2024, it reported revenue of $9.4m and net income of $6.7m. At that date it held total assets of $42.5m and shareholders' equity of $42.5m.
Aspire Mining Ltd. is a mineral exploration and development company. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-02-06. The firm is focused on developing metallurgical coal assets in Mongolia, principally its wholly owned Ovoot Coking Coal Project (OCCP). The firm owns 100% of the Ovoot Coking Coal Project and 90% of the Nuurstei Coking Coal Project in Mongolia. The firm is focused on engineering, permitting and financing the Ovoot Coking Coal Project to mine coking coal by open pit, wash it on site for trucking the washed coking coal to the Company-owned rail terminal facility in Erdenet for delivery to customers in China and Russia via the existing Mongolian rail network. The Ovoot Project area is located in north-western Mongolia. The Nuurstei project is capable of producing washed hard coking coal. The project is located approximately 10 kilometers (km) from Khuvsgul provincial capital of Moron and is approximately 160 km northeast of the Ovoot project.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 6 Feb 2007
- Website
- aspiremininglimited.com ↗
Leadership
Pay as last reported
- Mr. Michael AveryNon-Executive Chairman of the Board
- Mr. Samuel BowlesChief Executive OfficerA$413,358
- Mr. Tristan GartheChief Financial Officer
- Mr. Achit-Erdene DarambazarManaging Director, Executive Director, since 2018A$279,771
- Mr. Russell TaylorExecutive Director, since 2022
- Ms. Emily AustinCompany Secretary
- Mr. Boldbaatar Bat-AmgalanNon-Executive DirectorA$68,450
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Aspire Mining Ltd. owns 100% of the Ovoot Coking Coal Project in Mongolia.
- The company has a rail terminal facility in Erdenet for coking coal delivery to China and Russia.
- Aspire Mining focuses on engineering and permitting for the Ovoot Project development.
Weaknesses
- The firm's projects are located in Mongolia, a country with geopolitical risks.
- Aspire Mining relies solely on metallurgical coal assets in Mongolia.
- The Nuurstei Project has only 90% ownership by the company.
Opportunities
- Mongolia's proximity to China and Russia offers export opportunities for coking coal.
- The Ovoot Project's open pit mining method allows efficient coking coal extraction.
- The Nuurstei Project can produce washed hard coking coal for international markets.
Threats
- Mongolia's geopolitical instability threatens mining operations.
- The company depends on the Mongolian rail network for coal delivery to China and Russia.
- Coking coal demand fluctuations affect Aspire Mining's revenue streams.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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