Noble Agrees To Support Aspire's $1.7B Coal Project

Law360, New York (January 10, 2013, 3:15 PM EST) -- Asian commodities trader Noble Group Ltd. has inked a deal to support the first phase of transit infrastructure development for Aspire Mining Ltd.'s $1.7 billion Mongolian coking coal project and has also expanded its stake in the Australian company, Aspire said Thursday.

Per the deal, Noble will provide 10 percent of the undisclosed predevelopment costs for the Ovoot Project's railway line, along with a $5 million loan and agreeing to create new commercial relationships with Aspire, and will also invest AUS$2.8 million ($2.9 million) to raise...
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