Friday, September 30th, 2011
London, UK – 30 September 2011: The UK parent company of Astra Mining, Astra Resources PLC (Code: 9AR), a global diversified mining company, listed on the Frankfurt Stock Exchange today at €1.50.

Astra’s primary focus is to satisfy the expanding resource demands of the world’s largest urbanizing nations, China and India, including securing the supply chain of the raw materials related to the steel industry, including iron ore, coal, gold and other raw materials.

The company is also strategically positioned to capitalise on delivering efficiencies from the steel making process, a high demand sector in both these markets.

Astra CEO Dr Jaydeep Biswas says the listing on the Frankfurt Stock Exchange is a major step forward for the company.

“After meeting the requirements of the Deutsche Börse, our listing will enable Astra to raise capital to expand our projects internationally and foster the company’s growth,” Dr Biswas says.

“This listing is a major milestone for the company and something we have been working hard towards achieving.

“The Frankfurt Stock Exchange is one of the world's largest trading exchanges and provides access to global capital markets, so all these factors make it an attractive option to become a publicly listed company on this exchange.”

Astra will prepare a prospectus in the coming months and are in negotiations with Minevest USA to underwrite the capital raise of approximately €1 billion through their own network and associated international banks.

Astra managing director, Silvana De Cianni, says the minimum issue price of the prospectus as advised by Minevest could be €1.50, but potentially higher.

“Between now and issuing our prospectus, we will be raising equity capital by placing company-owned treasury stock and allocations to stockbroking firms,” Ms De Cianni says.

“We have a number of projects at various stages of development, including our 45 per cent stake in the revolutionary T-Steel, so capital raised will go directly towards progressing these ventures.

“Through our listing and ongoing capital raising we expect Astra Resources to become a major player on the global resources stage in a short amount of time.”

Astra Resources 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.

For more information or to register interest in Astra Resources’ forthcoming prospectus visit

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Bruce Nelson

P: 0402 823 343


Astra Resources, Astra Mining, Frankfurt Stock Exchange, Investing, shares, capital, steel, Jaydeep Biswas



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