"that would fit in perfectly with SIMEC Mining and Mr Sanjeev Gupta’s stated plan he announced publicly in Whyalla on 10 December 2018 to build a new 10 Mtpa steelworks at Whyalla"
This quote is interesting:
"Liberty Next-Gen Steel’ will be the largest in the Western world, capable of producing 10 million tonnes per year, with the ability and infrastructure to double capacity in time."
Source: https://www.gfgalliance.com/media/s...ionary-next-gen-mega-steel-plant-for-whyalla/
It also reinforces a video presentation I posted a while back where Gupta is discussing what he believes will be the forthcoming demand for steel from India that he thinks will rival what occurred in China. He believes that a bureaucratic, democratic India cannot respond in a timely manner to that demand in the same way an authoritarian China did and he plans to be in a position to fill that demand.
If the real game plan is well over 20 Mtpa of iron ore, then I can't find too many competitors to Grants Iron Ore Basin. He would certainly be loathed to buy that amount of iron ore on market.
- Forums
- ASX - By Stock
- Ann: SIMEC Exclusivity Extended on Iron Ore Projects
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HAV (ASX) to my watchlist
|
|||||
Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.57M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 17.0¢ | $5.913K | 33.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 46052 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.180 |
1 | 100000 | 0.170 |
2 | 40250 | 0.160 |
2 | 150000 | 0.140 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 25000 | 1 |
0.200 | 8000 | 2 |
0.250 | 2610 | 1 |
0.260 | 4100 | 1 |
0.000 | 0 | 0 |
Last trade - 14.33pm 30/08/2024 (20 minute delay) ? |
Featured News
HAV (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online