Monday, September 12th, 2011
Adelaide, Australia – 9 September 2011: Astra Mining, an Australian diversified mining company, has confirmed that its shareholding in Astra Steelworks has increased by 15 per cent, resulting in 45 per cent ownership of the T-Steel Intellectual Property (IP).

The increase, obtained through a share transfer of Astra Steelworks Ordinary Shares, has occurred between BPS International Pty Ltd and Astra Mining Ltd.

Astra Mining’s CEO Dr Jaydeep Biswas says this has resulted in Astra Mining becoming the major owner of the technology pertaining to the manufacture and development of T-Steel. Astra Mining previously had, and still maintains, full operational and management control of the T-Steel technology.

“The T-Steel technology has been assessed through numerous independent reports, and the dominant opinion is that this has the potential to be Astra Mining’s largest and most profitable project,” Dr Biswas says.

“It is therefore in Astra Mining’s best interest to become the major owner of the T-Steel IP.

“It is estimated that the project of global commercialisation of T-Steel technology has an IP valuation of EUR4.47bn (A$6.3bn) in terms of NPV, assuming that the level of risk is in line with industry average.

“This valuation has been confirmed by one of the top four international accounting firms.”

This makes Astra Mining’s share valued at EUR2.01bn (A$2.84bn), based on the 45 per cent IP ownership.

Astra Mining’s global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary. Astra Mining has also confirmed its plans to list on the Frankfurt Stock Exchange in early October.

Contact Profile

Bruce Nelson

P: +61 (0) 423 403 449


Astra Mining, T-Steel technology, Dr Jaydeep Biswas, Intellectual Property, BPS International, Frankfurt stock exchange



More Formats

View QR Code