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Sinosteel Corporation

Sinosteel Corporation abbreviated as Sinosteel is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad. The revenue from core businesses reaches RMB 61 billion in 2006. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture.

  

News

Murchison Metals Limited (ASX:MMX) Announce The Oakajee Port and Rail (OPR) Executes Foundation Customer MOUs

🕔8/23/2010 9:07:51 AM 9844

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that its 50% owned Oakajee Port & Rail (OPR) has entered into Memoranda of Understanding (MOUs) with each of the three selected potential foundation customers for its planned 45mtpa port and rail infrastructure project.

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Magnetic Resources (ASX:MAU) Identifies New 42km Iron Ore Target, Extending Total Targets To 254km

🕔4/8/2010 10:33:36 AM 7979

Magnetic Resources (ASX:MAU) has applied for an exploration licence covering a substantial magnetic anomaly north of the Tallering Peak iron ore operation. The new tenement (called the Malara project) is situated 50km north of Tallering Peak some 210km by road from the port of Geraldton and forms part of Magnetic's search for iron ore close to existing infrastructure. The railhead at Mullewa is situated about 115km south of Malara.

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Australian Market Report of March 5: Good Leads from China and the US

🕔3/5/2009 1:00:21 PM 13208

Yesterday the Australia market stayed on the red for the third consecutive day. Both the Aussie dollar and the S&P 200 Index fell lower on the news of the latest GDP figures. The benchmark S&P/ASX200 index ended down 1.6%, or 52.8 points, at 3166.4, while the All Ordinaries index loses 1.4%, or 45.5 points, at 3125.9.

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Australian Market Report of February 12: Expectation on Rio's Deal

🕔2/12/2009 1:00:16 AM 20871

Yesterday the Australian share market weathered the bad lead from Wall Street and ended with a modest drop. The benchmark S&P/ASX200 index closed down 0.4%, or 14.3 points, at 3474.4, while the All Ordinaries fell 0.3%, or 10.5 points, at 3418.1. Today traders are expecting Rio Tinto's earnings report with a profit increase and details of the talks with Chinalco over the A$30 billion cash injection deal.

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Australian Market Report of January 27: Expected to Stabilize After US Housing Data

🕔1/27/2009 1:00:45 PM 12775

On Friday, the Australian share market closed down to a near five-year. The benchmark S&P/ASX200 index was down 144.1 points, or 4.13 per cent, at 3,342.7 while the broader All Ordinaries index fell 131.6 points, or 3.83 per cent, to 3,300.3. The market is expected to stabilize today after the good leads from US and European stock markets.

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Australia Market Report of September 22: Long Term Stability Uncertain

🕔9/22/2008 12:30:09 PM 12388

Share markets around the world rebounded strongly on Friday as regulators took steps to shore up the financial system. The Australia sharemarket regained much of its losses last Friday, closing 4.3% higher, but still down 2% for the week.

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Australia Market Report of September 17: Losses Smaller Than Expected

🕔9/17/2008 2:00:34 PM 10815

The share market dropped almost 2% yesterday after Wall Street dropped 4% to its lowest close since the September 2001 terrorist attacks. A late rally among major banks and gains in resources stocks kept the local damage from the fall out from the Lehman Brothers collapse to a minimum. The losses were not as bad as expected but the combined losses of the past two days were significant.

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Australia Market Report of September 16: Lehman's Collapse Trigger Big Falls

🕔9/16/2008 1:00:50 PM 9281

Wall St closed down over 4% overnight as the US investment bank Lehman Brothers filing for bankruptcy. Yesterday, with rumours surrounding Lehman Brothers yet to be confirmed, the Australian share market finished down over 1.5 per cent. Analysts expect the Australian dollar may fall even further today with negative lead from Lehman Brothers demise and the fire sale of Merrill Lynch.

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Australia Market Report of September 12: Speculating No Rate Cut in October

🕔9/12/2008 12:30:00 PM 11943

Yesterday the Australian sharemarket closed lower for the third consecutive day on concerns that Wall Street's latest banking woes would hit Australia. The four major banks deducted the most from the index with their major losses of more than 3% following Lehman Brothers' announcement overnight in New York of asset sales.
Yesterday, the benchmark S&P/ASX200 fell 91.2 points, or 1.85 per cent, to 4,814.3, while the broader All Ordinaries shed 89.9 points, or 1.81 per cent, to 4,871.5.

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Pepinnini Minerals (ASX:PNN) Sinosteel/Crocker Well Uranium Project Update

🕔3/25/2008 10:47:04 AM 9575

The Crocker Well Uranium Deposit located in the Curnamona Province of South Australia is being jointly developed by Sinosteel Corporation (60%) and PepinNini Minerals (40%).

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