Astra Resources Plc

Astra Resources, PTY, LTD
Industry Mining
Headquarters Adelaide, Australia
Key people
 Jaydeep Biswas,(CEO) - Silvana De Cianni (Managing Director)
Products Coal, Iron Ore, Gold
Website

Astra Resources Plc (FWB:9AR) is a UK-based[1] mining company, the parent of Astra Mining, a producer of raw materials related to the steel industry, including iron ore, coal, gold and other materials.

T-Steel

The firm's largest asset is its 45%[2] share in the intellectual property of T-Steel. The basic product is a combination of highly specialized processes and alloying technologies invented over 30 years ago in Hungary. The technology is based on the modification of the metallurgical properties of steel at a molecular level. The result is a product that Astra claims is stronger, less expensive, and uses less raw materials to make than conventional steel. As of February 2011, Astra Resources's 45% IP stake in the T-Steel technology was reported to be worth $2.01 billion euros.[3][4]

References

  1. ↑ "Company Structure". Astra Resources. Retrieved 21 June 2013.
  2. ↑ "Astra Mining becomes major owner of T-Steel patented technology". Seeking Alpha. 8 September 2011.
  3. ↑ "T-Steel". Astra Resources. Retrieved 21 June 2013.
  4. ↑ "Astra Mining becomes major owner of T-Steel patented technology". Proactiveinvestors News. 8 September 2011.

External links

ASIC Takes Action Against Astra Resources http://www.asic.gov.au/asic/asic.nsf/byheadline/14-108MR+ASIC+takes+civil+action+against+Astra+Resources+and+its+directors?openDocument

Jaydeep Biswas and Sylvana DiCianni have resigned as directors and are being taken to court by ASIC separatelt from Astra.

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