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Anshan Iron and Steel Group Corporation

Anshan Iron and Steel Group Corporation (Ansteel), one of China’s largest steelmakers and iron ore miners, is located in Liaoning Province in Northern China.  The company currently produces some 40Mtpa of steel and has plans to increase production to more than 50Mtpa with major industry rationalisation.

Ansteel is a strong and supportive partner in the Karara Project and brings some critical elements to its development, including:

  • Requirement for long term, strategic supply of high quality ore;
  • Offtake agreement;
  • Equity funding;
  • Project funding; and
  • 90+ years magnetite mining expertise

Please visit Ansteel's website for further information.