'Life or death' SPASMS alert Jul 1, 2009
Gindalbie Metals Ltd is debt free with $43 million cash on hand after completing its $162 million share placement to China's Anshan Iron and Steel Group. --> Topics. (Sydney Morning Herald -- Technology)
China makes big iron ore deposit find Jun 24, 2009
The reserves at Dataigou are equivalent to the combination of all the iron ore reserves in Liaoning's Anshan and Benxi areas, the report said. Angang board secretary Fu Jihui and Benxi Iron and Steel Group's spokesman Liu Dahong said they didn't have any information regarding the new deposit. (Sydney Morning Herald -- Business)
How far will China's expansion bids go Jun 17, 2009
China's anti-monopoly law should apply in the proposed deal, said Chen Yanhai, head of the raw material department of MIIT at an industry meeting held in the northeastern city of Anshan, Liaoning Province. If the tie-up proved to be monopolistic, "we have to seek new policies and regulations to allow Chinese companies have a bigger say in iron ore pricing," said Chen without elaborating. (Xinhuanet, China)
Jinjiang: City of surprises May 20, 2009
Perhaps the most intriguing discovery in Jinjiang is the 3,500-year-old Anshan archaeological site, unearthed in 2007 when the grounds were being prepared for factory construction ... Anshan, he says, is the first sand dune site in Fujian and was buried under 8m of earth ... Anshan is especially significant as the objects unearthed there are the earliest bronze artefacts discovered in south-east China to date, explained Jiao, adding that metallurgy was introduced from inland China. (The Star Online, Malaysia)
NE China cement, steel firms slow down May 18, 2009
Qianshan Cement Co, a subsidiary of China Shanshui Cement Group, has seen a decline of orders since last year. The demand for cement from the nearby cities of Liaoyang, Panjin and Anshan has declined and "the company had to stop a production line, which had a daily capacity of 1,000 tonne," Monday's China Daily reported, citing the company's deputy party secretary Chen Yunxiang ... Despite its economic woes, Anshan Iron and Steel Group, the parent company of Angang Steel Co Ltd, is proceeding... (Xinhuanet, China)
Dark days for China's whistleblowers Mar 26, 2009
In May 2002, Li Wenjuan, a civil servant with Anshan Office of State Revenue in Liaoning province, reported suspected irregularities in tax collection and accounting to the party's Central Commission for Disciplinary Inspection (CCDI) - the party's top anti-graft watchdog - and the General Administration of Taxation. After the taxation office sent an investigation team to Anshan, Li was first removed to a local branch and then one year later fired, though after the CCDI's intervention she was... (Asia Times Online)
Chinese premier urges upgrading, innovation Mar 23, 2009
Chinese Premier Wen Jiabao (2nd R) talks with officials at Anshan Iron and Steel Group Corporation in Anshan, northeast China's Liaoning Province, March 20, 2009 ... " When visiting the Anshan Iron and Steel Group Corporation (Ansteel Group), a major steel producer based in Laoning's Anshan City, Wen told company officials to speed up phasing out obsolete technology and strictly control new capacity to curb oversupply in the steel industry. Wen emphasized the implementation of the country's... (Xinhuanet, China)
China Slump Threatens $6.4 Billion of Australian Iron Mines, Bureau Says Mar 10, 2009
s partner, Chinas Anshan Iron & Steel Group, is arranging the $1. 2 billion of funds needed to start the Karara magnetite mine, said Michael Weir, a spokesman for the Perth- based company. (Bloomberg -- Australia & New Zealand)
Asia's miners line up for the Outback Mar 4, 2009
7 billion) takeover of OZ Minerals earlier his month, and Chinese steel producer Anshan Iron & Steel Group will pay A$162 million for a bigger stake in Gindalbie Metals. Legal firm Corrs Chambers Westgarth, which specializes in mergers and acquisitions, confirmed it had had inquiries from Korean, Japanese and Chinese investors looking to acquire gold, coal, uranium and iron ore projects in Australia. (Asia Times Online)
Local Weather Feb 8, 2009
Melbourne, FL 32935 Last Updated: 02/08/09 07:15:32 EDT. C) Relative Humidity: 89% Barometer: 30. (Florida Today)
* China struggles to control increases in iron ore price Mar 19, 2008
Chinese steelmakers have rejected the demand, Anshan Iron Group (bsK), parent of the country's second-largest mill by market value, said on March 5. This story has been viewed 341 times. (Taipei Times, Taiwan -- World)
China Blocks Rio, BHP From Spot Iron Ore Sales as Talks Drag, CBI Says Mar 18, 2008
Chinese steelmakers have rejected the demand, Anshan Iron & Steel Group, parent of the country's second-largest mill by market value, said March 5. China cut the number of licensed iron ore importers to 112 from 118, the China Securities Journal reported in September, citing a statement from the China Iron & Steel Association and the China Chamber of Commerce of Metals, Minerals & Chemicals Importers and Exporters. (Bloomberg -- Australia & New Zealand)
Sinosteel of China Makes Hostile $905 Million Bid for Australia's Midwest Mar 15, 2008
Aluminum Corp. of China, the nation's largest producer of the lightweight metal, and Alcoa Inc. bought a 9 percent stake in last month and Anshan Iron & Steel Group last year agreed to a A$1. 8 billion Australian iron ore joint venture. (Bloomberg -- Australia & New Zealand)
China steel makers resist Rio price rise Mar 5, 2008
Anshan Iron & Steel Group, parent of China's second-biggest steel maker by value, said Chinese steel makers still can't agree to the iron ore price demands made by Rio Tinto Group ... Chinese mills have rejected the proposal, Anshan Steel President Zhang Xiaogang said in an interview in Beijing today. (Sydney Morning Herald -- Business)
Chinalco, Alcoa Buy $14 Billion Stake in Rio, Hindering BHP Takeover Plans Feb 3, 2008
Chinalco bought Peru Copper Inc. for $860 million last August, Anshan Iron & Steel Group in September agreed to a A$1. 8 billion ($1. (Bloomberg -- Europe)
China-Australia Axis Turns on Iron, LNG, Mandarin-Speaking Prime Minister Jan 5, 2008
8 billion iron ore joint venture between Anshan Iron & Steel Group, the country's third- biggest steel company, and Gindalbie Metals Ltd. to develop two iron ore projects in Western Australia. In December, Citic Pacific Ltd., the Hong Kong arm of China's biggest state-owned investing company, said it would spend A$5. (Bloomberg)
YEAR IN REVIEW 2007 Jan 4, 2008
Among the hundreds of weary travelers arriving at Logan International Airport Sunday night, Jan. 3, 2007, were several students, interpreters and education officials from Anshan, China. Instead of heading to a Boston hotel, however, these travelers were met by a contingent of welcoming Melrosians who were hosting the visitors for a 10-day stay. (Melrose Free Press, MA)
Hour-by-hour forecast Jan 3, 2008
Melbourne, FL 32935 Last Updated: 01/03/08 07:15:48 EDT. C) Relative Humidity: 55% Visability: 10 miles (16 km). (Florida Today)
"Plan of Revitalizing Northeast China" released Dec 19, 2007
Coal chemical industrial bases in Xilinhot, Huolinhe, Hulunbeier, eastern Heilongjiang Province and western Liaoning Province must be established when timing is appropriate; thirdly, to build a top quality steel manufacturing base in Northern area, with supports from sheet steel manufacturing base in Anshan iron and steel group, and supports from manufacturing base of Northeast special steel group, which will offer special steel and steel used for equipment ... Focuses will be on such tourism... (Xinhuanet, China)
China's Sinosteel Offers A$1.2 Billion for Iron Ore Miner Midwest Corp Dec 8, 2007
Anshan Iron & Steel group, China's third-largest steelmaker, agreed in September to a A$1. 8 billion venture with Australia's Gindalbie Metals Ltd. to develop two iron ore projects. (Bloomberg -- Australia & New Zealand)
Complete weather forecast Dec 7, 2007
Jackson, MS 39201 Last Updated: 12/07/07 07:45:24 EDT. C) Relative Humidity: 74% Barometer: 30. (The Clarion-Ledger)
Chinese steel makers consider a bid for Rio Tinto Dec 5, 2007
Aluminum Corp. of China bought Peru Copper for $860 million in August, Anshan Iron & Steel Group in September agreed to a 1. 8 billion Australian dollar, or $1. (International Herald Tribune)
BHP/Rio Tinto: Chinese frustrated by inability to impact merger with US-EU style anti-trust legislation Dec 5, 2007
He further revealed that Anshan Iron and Steel Group (An Gang Ji Tuan) and Benxi Iron and Steel (Ben Gang Ji Tuan), a merged entity as big as Baosteel, could self supply 70% of its iron ore demands. Taiyuan Iron and Steel (Tai Yuan Gang Tie Ji Tuan) can self support 60% of its iron ore demands. (FT.com -- Markets)
China to issue 1st national regulation on lotteries Dec 2, 2007
Last month, a 36-year-old lottery vendor in the northeastern Chinese city of Anshan was jailed for life for taking advantage of a flaw in the Welfare Lottery "3D" system to cash 28 million yuan in lottery tickets illegally. A couple of months ago, two bank employees in the northern city of Handan were sentenced to death after being convicted of the country's largest ever bank theft involving 50. (Xinhuanet, China)
BHP Billiton Bid for Rio Tinto Loses Confidence of Investors, Steelmakers Nov 27, 2007
China Investment Corp., a $200 billion sovereign wealth fund, is planning an offer that may include the backing of state-owned steelmakers including Baosteel Group Corp., Shougang Corp. and Anshan Iron & Steel Group, the state-owned China Business Journal said today, citing unidentified people. A CIC press officer denied the report. (Bloomberg)
Chinese steel makers not plotting rival ore group bid Nov 27, 2007
An official at Baosteel Group denied any knowledge of plans for a takeover bid for Rio Tinto, as did officials at Anshan Steel Group, another major Chinese steel maker. "We don't have any information about that," Wang Yan, the spokesperson for China Iron and Steel Association, said yesterday. (Business Report, South Africa)
S&P/ASX 200 Index Advances: Rio Tinto Jumps on Report China May Make Bid Nov 26, 2007
China's steelmakers including Baosteel Group Corp., Shougang Corp. and Anshan Iron & Steel Group may join the bid, the Beijing- based newspaper said. The report said the group may act soon, without specifying a timeframe. (Bloomberg -- Australia & New Zealand)
China whispers, Rio soars Nov 26, 2007
"There is absolutely no such thing,'' a spokeswoman for China Investment Corp, Bai Xiaoqing, told Dow Jones Newswires. An official at Baosteel Group, who refused to give his name, denied any knowledge of plans for a takeover bid for Rio Tinto, as did officials at Anshan Steel Group, another major Chinese steelmaker. "We don't have any information about that,'' said Wang Yan, a spokeswoman from China Iron and Steel Association. "There would be a lot of regulatory issues if China's government was... (Sydney Morning Herald -- Business)
Asian Stocks Rise After U.S. Retail Sales Climb; Westfield, Nintendo Gain Nov 26, 2007
Steelmakers including Baosteel Group Corp., Shougang Corp. and Anshan Iron & Steel Group may join the bid, the report said. A China Investment press officer denied the report, and said the fund will release an official statement soon. (Bloomberg -- Asia)
Lottery scam wins life sentence Nov 9, 2007
Online Edition Powered By IOL. A Chinese lottery ticket seller had been jailed for life for fraud, after taking advantage of a system flaw to cash 28 million yuan (R24. (Business Report, South Africa)
Aluminum of China to purchase overseas copper miners Oct 22, 2007
Anshan Iron & Steel, China's third-largest steel maker, this year agreed to a 1. 8 billion Australian dollar, or $1. (International Herald Tribune -- Business Asia)
Commodities producers focus of China takeovers Oct 10, 2007
Anshan Iron & Steel, the third-largest steel maker in China, last month agreed to a 1. 8 billion Australian dollar, or $1. (International Herald Tribune -- Business Asia)
Melewar associate in African mining deal Sep 25, 2007
He told a conference call yesterday that Gindalbie's two biggest shareholders, Melewar Steel Venture Ltd (wholly-owned subsidiary of Melewar Industrial) and Anshan Iron Group Corp of China, were expected to support the deal as well, said Bloomberg. Jones was quoted as saying the African project (owned by Sundance) would reduce Gindalbie's reliance on its Karara development in Western Australia, where expansion might be constrained by any delays to the development of a new A$2bil port to service... (The Star Online, Malaysia -- Business)
APEC deals show China main act, US a sideshow Sep 8, 2007
In the background were the smaller deals: two joint ventures between Gindalbie Metals and China's Anshan Iron & Steel (Ansteel) to develop the proposed Karara magnetite mine and Mungada hematite mine inland from Geraldton, and a $750 million investment by five Chinese state-owned enterprises in Yilgarn Infrastructure's proposal to build an iron ore port in Oakajee on the WA coast. All the deals, directly or indirectly, involved China buying up future resource supplies in Western Australia. (The Age)
Woodside signs China to biggest export deal yet Sep 7, 2007
8 billion joint venture development agreement with the big Chinese steel and iron ore group Anshan Iron & Steel (Ansteel). The deal is for the development of Gindalbie's Karara magnetite and Mungada hematite projects in mid-western Western Australia and will involve investment in new mining and processing facilities, and associated infrastructure in the state and in China. (Sydney Morning Herald -- Business)
Nippon Steel profit forecast increases Sep 7, 2007
Gindalbie Metals signed an agreement with Anshan Iron & Steel Group, the third-largest Chinese steel maker, to spend 1 ... "The high-quality iron products produced at Karara represent a key input to our long-term growth plans, and we would like to see production from Karara expand in the future," Zhang Xiaogang, president of Anshan, said in the statement. (International Herald Tribune -- Business Asia)
Gindalbie seals deal with Chinese giant Sep 6, 2007
The agreement with Anshan Iron & Steel Group Corporation (Ansteel) is for the development of Gindalbie's Karara magnetite and Mungada hematite projects in the mid-west region of Western Australia. This will involve a combined investment of as much as $1. (Sydney Morning Herald -- Business)
Deals struck as Hu visits Sep 5, 2007
Yilgarn's deal with Sinosteel Corp, China Railway Engineering Corp, China Communication and Construction Company, China Railway Materials Commercial Corp and Anshan Iron and Steel Group Corp is the first time such a large group of Chinese state-owned enterprises have invested in an Australian company. Yilgarn chairman John Saunders said the agreement, plus a debt finance commitment secured from China's Exim Bank, put his soon-to-be-listed company on the best financial footing. (Melbourne Herald Sun)
Gindalbie eyes $1.8b, two-mine project Sep 4, 2007
GINDALBIE METALS and its Chinese joint venture partner, Anshan Iron & Steel, are close to committing to the $1. 8 billion development of their Karara magnetite and Mungada hematite projects in Western Australia's mid-west. (Sydney Morning Herald -- Business)
Gindalbie details magnetite project Sep 3, 2007
6 billion development is a 50/50 joint venture with Anshan Iron & Steel Group Corporation (AnSteel), one of China's largest steel producers. The study confirmed the technical and financial viability of the project, located 225 kilometres east of the Port of Geraldton. (Sydney Morning Herald -- Business)
China's 1-child rule continues to draw resentment Sep 2, 2007
So about a month before Jin's due date, her husband Yang set out to curry favor with Di Wenjun, head of the neighborhood family-planning office in Anshan, the couple's hometown about 190 miles east of Beijing ... Di, who has since been promoted to head of family planning for all of Anshan township, could not be reached. (AZCentral -- News)
WEATHER: Thunderstorms possible Aug 28, 2007
Weather - 7-day Forecast Summaries. Melbourne, FL 32935 Last Updated: 08/28/07 09:30:35 EDT. (Florida Today)
WADA chief again looking into China doping with 2008 Olympics a year away Aug 15, 2007
Last year, students at the Liaoning Anshan Sports School in northeastern China were caught using performance-enhancing drugs including EPO, steroids and testosterone. Officials at the school were charged with "collective doping." In 2002, officials at another nearby sports school were also charged with same offense. (International Herald Tribune)
Mycron Steel signs supply agreement with BlueScope Steel Jul 31, 2007
However, the group's partner in the project Anshan Steel of China would be increasing its stake in Gindalbie within the month, which would dilute MIG's holdings to 14. 5% from 17. (The Star Online, Malaysia -- Business)
Melewars investment in Aussie miners shares up seven-fold Jun 7, 2007
Gindalbie's price received a boost after the company signed on Monday a share subscription agreement with Chinas Anshan Iron Group Corp (AnSteel), which would subscribe to a 12. 9% stake in the Australian firm, Melewar chief operating officer Datuk K. C. Lim told StarBiz yesterday. (The Star Online, Malaysia)
Chinese new in brief Mar 12, 2007
BENXI Iron Groups chairman said the company would combine with Chinas third largest producer of the alloy, Anshan Iron Group this year, in a move that could boost production five-fold ... 6 million tonnes of alloy a year, based on 2006s total output by Anshan and Benxi Steel. (The Star Online, Malaysia -- Business)
Snowstorm wreaks damage but relieves drought Mar 7, 2007
The snowstorm, which brought 36 millimeters of precipitation in the provincial capital Shenyang, 56 mm in Dalian and 78 mm in the worst-hit city of Anshan, provided 6 billion cubic meters of water to the province, he said. "It's equivalent to six reservoirs of water -- a boon to the arid farmland.". (Xinhuanet, China)
Deputies laud premier's work report Mar 7, 2007
Zhang Jiehui, NPC deputy from Anshan, Province, said he supported the central government's call for more energy-conservation and measures to control pollution. "The work report sets the tune for green development, which is especially meaningful for cities that have heavily polluting steel making factories," said Zhang. (People's Daily Online, China)
Improved laws sought on M&A by foreign firms Mar 5, 2007
Ma, a director of the Anshan Iron and Steel Group Corporation in northeast China's Liaoning Province, suggested that the country upgrade its regulations as soon as possible to encourage fair competition and standardize the merger and acquisition process. Citing Xugong Group Construction Machinery as an example, NPC deputy Qin Chijiang said it is shortsighted for some domestic companies to sell their valuable brands to foreign companies to raise capital. (Xinhuanet, China)
SALE ORDER A BLESSING IN DISGUISE? Mar 2, 2007
Though Mittal won t reveal potential suitors, Reutter listed Russia's Severstal Group, India's JSW Steel and China s Anshan Iron Group as possible buyers. There are also potential U.S. buyers, Reutter wrote, including Esmark of Chicago and Hampshire Steel Investments. (Dundalk Eagle, MD)
LNM siblings seen in race for his US plant Feb 22, 2007
Other companies, according to observers, who would be interested in the facility include Companhia Siderurgica Nacional, which lost the Corus duel to Tata Steel; Russia s Evraz and Severstal and China s Wuhan Steel and Anshan Iron & Steel Group. India-based Mittals have been consolidating their steel business that is now spread across seven countries, under the international holding company Global Steel Holdings. (India Times)
Chinese steel companies seek stakes in Australian iron ore projects Feb 14, 2007
Anshan Iron Group, China's third-biggest steelmaker, is investing in Gindalbie Metals' 1 billion dollar mining project in Western Australia. Sinosteel, China's second-largest iron ore trader, has signed an agreement to study the development of a 1. (International Herald Tribune -- Business Asia)
China's Baosteel, Wuhan Seeking to Invest in Australian Iron Ore Projects Feb 13, 2007
Anshan Iron & Steel Group, China's third-biggest steelmaker, is investing in Gindalbie Metals Ltd.'s A$1 billion mining project in Western Australia. Sinosteel Corp., China's second- largest iron ore trader, has signed an agreement to study the development of a A$1. (Bloomberg -- Australia & New Zealand)
Shougang to shuffle assets in listing move Feb 13, 2007
A number of big State-owned steel mills have listed in their entirety in recent years, such as Baoshan Iron & Steel Corp (Baosteel), Wuhan Iron & Steel Corp and Anshan Iron & Steel Corp.. Shougang's Zhu said the company will merge smaller steel firms in China as part of efforts to double its annual production to 20 million tons by 2010. (Xinhuanet, China)
Defining a New Role for Secondary Metallurgy Jan 12, 2007
A project by SMS Mevac () for Anshan Iron & Steel involves two RH-TOP degassers that will hold 260 metric tons apiece ; and these follow the startup earlier this year of two similar recirculating vessels at Anshan, each sized at 100 metric tons. Of course, so much hot steel must be handle properly and quickly. (33Metalproducing)
