Noble Group Ltd. (NOBL), Asia’s biggest listed commodity supplier, agreed to boost its stake inAspire Mining Ltd. (AKM) and to help fund the explorer’s railway in northern Mongolia as seeks to expand coal shipments from the nation.
The Hong Kong-based trader will pay A$2.8 million ($2.9 million), or 8 cents a share, to increase its holding to 15 percent from 10 percent, Perth-based Aspire said today in a statement. Noble will also pay 10 percent of pre-development costs for a railway that will link Aspire’s coal mine to the existing Trans-Mongolian rail line, Aspire said.... CONTINUE READ,CLICK http://www.bloomberg.com/news/2013-01-10/noble-to-lift-aspire-stake-to-increase-mongolia-coal-shipments.html?cmpid=yhoo
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