Ann: Appendix 3Y - CMD MK, page-13

In the ANS Financial Report dated 30 June 2019, the Chinese-backed Consortium was listed as:

"The Company has compiled a world class consortium to develop the project and associated economic infrastructure including:
 Hong Kong Baofeng International Co Ltd – Baofeng/Baowu is a joint venture company of Baosteel
Resources Co Ltd and Jizhong Energy Group Co Ltd. Jizhong Energy is a large Chinese State Owned
Enterprise (SOE) which is one of China’s largest coal and resources companies.
 Shanghai Tsingshan Mineral Co Ltd – Tsingshan is a very large private Chinese steel company and is the
world’s largest stainless-steel producer.
 China Railway Construction Corporation International Co Ltd – CRCCI is a wholly owned subsidiary of
China Railway Construction Corporation (CRCC), the world’s largest construction company and China’s
largest railway construction company.
 Shenzhen Yantian Port Holdings Co Ltd – Yantian Port is China’s second largest port operator and the
world’s third largest port operator. Yantian Port is registered on the Shenzhen Securities Exchange,
although its main shareholder is the Chinese Government."

In the very recent Guardian article "Could China replace Australian iron ore with metal from Africa?" there was mention of similar in relation to Simandou in Guinea...

"China’s Yantai Port Group has rights to half the development while the other half is controlled by a joint venture between Rio Tinto and a group of Chinese state-owned enterprises. Winning’s conglomerate claims to be willing to build the 700km of track needed to open the mine – and says it wants to do so by 2025."

Hopefully, ANS is aware of and is seeking to engage in these additional 'Mining Projects', all of which require significant RAIL & PORT infrastructure.