Anshan Iron and Steel Group

Image source: Freebase

Type: Company

Name: Anshan Iron and Steel Group

First reported Jun 12 2013 - Updated Jun 12 2013 - 2 reports

China Development Bank

Ansteel in Australian ore purchase

Beijing: State owned Anshan Iron and Steel Group Corp is buying a majority stake in the Karara iron ore project in Western Australia.Tim Netscher, managing director of Gindalbie, which owns the concession to the mine, said in a statement:"The advantage ... [Published Sino Ship News - Jun 12 2013]

Entities: Angang Steel Co Ltd, Anshan Iron and Steel Group, Mining Group Ltd, China Development Bank

First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

China's Ansteel to take control of Australia iron ore mine

China's state-owned Anshan Iron and Steel Group Corp has agreed to take a majority stake in the Karara iron ore project in Western Australia, shoring up joint-venture partner Gindalbie Metals Ltd after setbacks at the project. ... [Published XE - Jun 11 2013]

Entities: Angang Steel Co Ltd, Iron Ore, Australia, China

First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Angang Steel Co Ltd

Ansteel boss cool on industry prospects (The West Australian)

The West Australian ©The head of Anshan Iron and Steel has cast new doubt of the future of Chinese offshore investment in iron ore projects, saying it could take five to seven years for profits at steelmakers to recover from the glut in capacity.In an ... [Published West Australian - Jun 11 2013]

Entities: Angang Steel Co Ltd, The West Australian, Iron Ore

First reported May 30 2013 - Updated May 30 2013 - 1 reports

Ansteel commissions iron ore pellet production in Bayuquan

Tags: iron ore , raw mat , China , Southeast Asia , production , steelmaking , Shanghai | similar articles »Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that its iron ore pellet production line has ... [Published SteelOrbis - May 30 2013]

Entities: Angang Steel Co Ltd, Iron Ore, Anshan Iron and Steel Group, Yingkou

First reported May 27 2013 - Updated May 27 2013 - 1 reports

CASH PROBLEMS LOOM FOR KARARA IRON ORE PROJECT

Perth , May 27The Karara Iron Ore Project in Western Australia’s Mid West has flagged what it hopes will be a short term working capital problem.50% stake-holder Gindalbie Metals says J/V company Karara Mining’s (KML) forecast working capital requirements ... [Published Mining Business Media - May 27 2013]

Entities: Iron Ore, Gindalbie Metals Ltd, Anshan, Angang Steel Co Ltd, Working Capital

First reported May 22 2013 - Updated May 22 2013 - 1 reports

COSCO Group

SASAC to Save Bleeding SOEs

This is an extended abstract of an article that appeared in this week's edition of The Economic Observer, for more highlights from the EO print edition, click here.Over recent weeks, some of China's biggest state-owned enterprises have been visited by ... [Published Economic Observer - May 22 2013]

Entities: COSCO Group, HUANG Shuhe, Zhang Xiaogang

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Anshan Iron and Steel Group

Top stories of the day-China Metals-May 21

1. Spot prices of major nonferrous metals in China fell 0.8 percent week on week in the period of May 13-19, said the Ministry of Commerce (MOC). In a report published on its website late Monday, the MOC said that the price of 1# copper, 1# nickel, and ... [Published Individual.com - May 21 2013]

Entities: Iron Ore, Anshan Iron and Steel Group, Steel, China

Quotes

Tim Netscher, managing director of Gindalbie, which owns the concession to the mine, said in a statement: "The advantage of this arrangement is it avoids the need for us to call on shareholders or the market for more funding for Karara's ramp up and effectively marks the beginning of a new chapter for Gindalbie.”  Under the agreement, Ansteel will receive an option to lift its stake in the project's 50-50 operator, Karara Mining Ltd, to as much as 52.16% after providing bridging loans over the next 12 months until new longer-term loans can be secured with China Development Bank or other lenders. [12/"

Ansteel in Australian ore purchase [Published Sino Ship News - Jun 12 2013]

"The advantage of this arrangement is it avoids the need for us to call on shareholders or the market for more funding for Karara's ramp-up and effectively marks the beginning of a new chapter for Gindalbie" Gindalbie Managing Director Tim Netscher said in a statement

China's Ansteel to take control of Australia iron ore mine [Published Yahoo! UK and Ireland - Jun 11 2013]

"Steelmakers can cut their costs by using online trade platforms. With Baosteel's advantaged distribution channels, prices and reputation, the online platform will attract quite aa few small and medium-size customers" says one unnamed analyst

China Focus: online spot-steel trading platforms rising in China [Published Individual.com - Jun 04 2013]

...to SASAC told the EO that the new team will not offer assistance to all the SOEs operating under SASAC's remit, noting that they would instead "put the focus on companies with huge losses and also on those big companies making big profits."

SASAC to Save Bleeding SOEs [Published Economic Observer - May 22 2013]