astramining2
Silvana De Cianni
bit.ly/p9Lgig Silvana De Cianni - Letter From The Director
Astra Mining has a unique growth plan vastly different to most mining companies. We are strategically positioned to service the long term growth markets of India and China with a combined market size of 2.3bn people and extensive infrastructure growth, development is occurring in these emerging economies. India consumes 48kg of steel per person compared to 405kg per person in China but a convergence at over 500kg is expected demonstrating growth on an unprecedented level which is expected to continue over the long term. Astra Mining is developing a compelling product offering that effectively supplies both economies with the standard of resources they demand.
Silvana De Cianni - T-Steel
Our cornerstone development is T-Steel – a unique steel technology proven to be significantly stronger than regular steel (subject to steel plant age, configuration and steel type) and far cheaper, resulting in considerable savings. ‘The cost and value benefits are due to a reduction in the raw materials used, such as coking coal, iron ore, and manganese, for same strength along with reduced CO2 emissions, reduced cost of alloys, better physical properties and reduced heat treatment during manufacturing. An existing steel plant can be used to apply this technology with slight process modifications. The key is a combination of extensive knowledge in steel production, and the use of an alloy based formula in the manufacturing process,’ says Jaydeep Biswas, Chief Executive Officer of Astra Mining.
The high value intellectual property in T-Steel has been valued at EUR4.47bn NPV basis (approximately A$6.18bn) by a Top 4 accounting firm and is on the verge of large scale commercialisation. It is already used commercially in Eastern Europe. This has immediate effect in China and India who can increase the strength of steel per capita from existing operations, hence reduce the need of the number of new steel plants. Astra Mining has been able to secure a 30% ownership of the intellectual property pertaining to T-Steel, and has full operational and manufacturing control to the technology.
To secure the supply chain for the effective delivery of T-Steel to Chinese and Indian markets, we are securing high quality (63%) iron ore, coking coal, thermal coal and manganese prospects for further cost efficiencies in steel production. Our rigorous guidelines for mining project selection include:
High grade resources
Track record of proven, probable and inferred resources
Sites are operational or within 12 months of operation
Open cut mining for low extraction cost of resources
Proximity to infrastructure and proximity to port
Logistics in place or nearly in place
‘The rationale behind this is that there are ample mining opportunities but few that meet the strict criteria we require. Early on, we identified Southern India as a prime target for Astra Mining, and lately areas of Africa. This is because these locations have very similar Pre-Cambrian geology to Western Australia, which has been successfully mined for a considerable time. In addition, these locations have a track record of mining from colonial times with little exposure to multinationals that are insensitive to local needs,’ says Silvana De Cianni, Managing Director of Astra Mining.
Astra Mining has identified a cluster of 10 iron ore mines in Orissa, India, with up to 500 million tonnes (mMT) of iron ore offering FOB cost of approximately $60 per tonne. Astra Mining is considering alternative structures to the acquisition of mines including leasing and operating existing mines on a profit share basis with provisions for equity ownership.
A site in Nigeria, Africa has been contracted for acquisition for primarily scrip, and Heads of Agreement have been signed. A Joint Venture Agreement is currently being documented as a consequence, with the site having a combined resource estimate of 125 million tonnes and potential for above 500 million tonnes. The process to issue a mining license for the Nigerian assets and complete the acquisition by Astra Mining is in train, pursuant to the Joint Venture Agreement.
Astra Mining takes risk management importantly and is seeking gold assets to provide an internal hedge to the US dollar exposure of the steel value chain. Accordingly, Astra Mining has identified gold opportunities in Southern India with 20 million ounces of proven, probable and inferred resources. Gold mining opportunities have also arisen in Vietnam with a Heads of Agreement signed for access to over a potential 2m ounces of gold in an issued geological report.
In addition, to these mining activities, Astra Mining has high value ancillary projects. Astra Mining has signed a joint venture agreement with Capricorn Property Developments Pty Ltd, which will allow us to begin a resource industry based housing development in the Rockhampton region of Queensland. The region is connected to the Australian mining hub of the Bowen Basin by rail, a mining community that is rapidly growing due to growing demand for resources. This will result in an increased demand on essential infrastructure in Rockhampton and the surrounding regions. This investment seeks to capitalise on the significant time and energy already invested in securing sites where development potential is the greatest.
The scope of the Astra Mining projects represent an immense market opportunity and I believe Astra Mining has the potential to be a significant player in the mining and steel industry.
Yours Sincerely,
Silvana De Cianni
Managing Director, Astra Mining Ltd
Please visit the main Astra Mining website for more info. Silvana De Cianni , Managing Director, Astra Mining Ltd.
ger @box @expono @fotki @gdocs @imageshack @photobucket @pingfm @plerb @shutterfly @tumblr @youtube
Silvana De Cianni
bit.ly/p9Lgig Silvana De Cianni - Letter From The Director
Astra Mining has a unique growth plan vastly different to most mining companies. We are strategically positioned to service the long term growth markets of India and China with a combined market size of 2.3bn people and extensive infrastructure growth, development is occurring in these emerging economies. India consumes 48kg of steel per person compared to 405kg per person in China but a convergence at over 500kg is expected demonstrating growth on an unprecedented level which is expected to continue over the long term. Astra Mining is developing a compelling product offering that effectively supplies both economies with the standard of resources they demand.
Silvana De Cianni - T-Steel
Our cornerstone development is T-Steel – a unique steel technology proven to be significantly stronger than regular steel (subject to steel plant age, configuration and steel type) and far cheaper, resulting in considerable savings. ‘The cost and value benefits are due to a reduction in the raw materials used, such as coking coal, iron ore, and manganese, for same strength along with reduced CO2 emissions, reduced cost of alloys, better physical properties and reduced heat treatment during manufacturing. An existing steel plant can be used to apply this technology with slight process modifications. The key is a combination of extensive knowledge in steel production, and the use of an alloy based formula in the manufacturing process,’ says Jaydeep Biswas, Chief Executive Officer of Astra Mining.
The high value intellectual property in T-Steel has been valued at EUR4.47bn NPV basis (approximately A$6.18bn) by a Top 4 accounting firm and is on the verge of large scale commercialisation. It is already used commercially in Eastern Europe. This has immediate effect in China and India who can increase the strength of steel per capita from existing operations, hence reduce the need of the number of new steel plants. Astra Mining has been able to secure a 30% ownership of the intellectual property pertaining to T-Steel, and has full operational and manufacturing control to the technology.
To secure the supply chain for the effective delivery of T-Steel to Chinese and Indian markets, we are securing high quality (63%) iron ore, coking coal, thermal coal and manganese prospects for further cost efficiencies in steel production. Our rigorous guidelines for mining project selection include:
High grade resources
Track record of proven, probable and inferred resources
Sites are operational or within 12 months of operation
Open cut mining for low extraction cost of resources
Proximity to infrastructure and proximity to port
Logistics in place or nearly in place
‘The rationale behind this is that there are ample mining opportunities but few that meet the strict criteria we require. Early on, we identified Southern India as a prime target for Astra Mining, and lately areas of Africa. This is because these locations have very similar Pre-Cambrian geology to Western Australia, which has been successfully mined for a considerable time. In addition, these locations have a track record of mining from colonial times with little exposure to multinationals that are insensitive to local needs,’ says Silvana De Cianni, Managing Director of Astra Mining.
Astra Mining has identified a cluster of 10 iron ore mines in Orissa, India, with up to 500 million tonnes (mMT) of iron ore offering FOB cost of approximately $60 per tonne. Astra Mining is considering alternative structures to the acquisition of mines including leasing and operating existing mines on a profit share basis with provisions for equity ownership.
A site in Nigeria, Africa has been contracted for acquisition for primarily scrip, and Heads of Agreement have been signed. A Joint Venture Agreement is currently being documented as a consequence, with the site having a combined resource estimate of 125 million tonnes and potential for above 500 million tonnes. The process to issue a mining license for the Nigerian assets and complete the acquisition by Astra Mining is in train, pursuant to the Joint Venture Agreement.
Astra Mining takes risk management importantly and is seeking gold assets to provide an internal hedge to the US dollar exposure of the steel value chain. Accordingly, Astra Mining has identified gold opportunities in Southern India with 20 million ounces of proven, probable and inferred resources. Gold mining opportunities have also arisen in Vietnam with a Heads of Agreement signed for access to over a potential 2m ounces of gold in an issued geological report.
In addition, to these mining activities, Astra Mining has high value ancillary projects. Astra Mining has signed a joint venture agreement with Capricorn Property Developments Pty Ltd, which will allow us to begin a resource industry based housing development in the Rockhampton region of Queensland. The region is connected to the Australian mining hub of the Bowen Basin by rail, a mining community that is rapidly growing due to growing demand for resources. This will result in an increased demand on essential infrastructure in Rockhampton and the surrounding regions. This investment seeks to capitalise on the significant time and energy already invested in securing sites where development potential is the greatest.
The scope of the Astra Mining projects represent an immense market opportunity and I believe Astra Mining has the potential to be a significant player in the mining and steel industry.
Yours Sincerely,
Silvana De Cianni
Managing Director, Astra Mining Ltd
Please visit the main Astra Mining website for more info. Silvana De Cianni , Managing Director, Astra Mining Ltd.
ger @box @expono @fotki @gdocs @imageshack @photobucket @pingfm @plerb @shutterfly @tumblr @youtube