Cold Mixing Asphalt Plant . Cold mix asphalt is a combination of mineral aggregate and emulsified or cutback asphalt with additives. Aggregates can be made with virgin materials or reclaimed asphalt pavement, also known as asphalt millings. The latter option is commonly used when trying to save money. Cold mixes can be made on site or at a central location and then transported to the site. The flexibility to create this type of asphalt off-site is particularly useful for remote roads.