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About Ansteel

Ansteel (www.ansteelgroup.com), one China’s largest steelmakers and iron or 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 group companies (after completion of consolidation) include:

  • Ansteel 16Mtpa
  • Benxi Steel 8Mtpa
  • Panzhihua Steel 8Mtpa
  • Dongbei Special Steel 5Mtpa
  • Sanming Steel 3Mtpa

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
  • 90+ years magnetite mining expertise