Tag: steel

THE Australian Steel Institute (ASI) has called on the Government to classify the steel industry as essential. The peak industry body represents the entire steel industry value chain, including major producer members BlueScope Steel, InfraBuild Steel, Molycop and Bisalloy, and says the industry must be kept operational in the event of severe lockdowns designed to slow the spread of COVID-19. In a joint statement with the Australian Workers' Union, the ASI said steel was a high capital cost industry with low people density and high value. “The steel industry already practices very high standards of hygiene to protect all employees from routine work health and safety risks,” they said. “These practices have been galvanised and heighted since the outbreak of...

POSITIVE steps towards progressing Kogi Iron’s Agbaja steel project in Nigeria have been announced, including a recent $3.2m fundraising toward the financial completion of the feasibility study. The Project, located at Agbaja in Central Nigeria, will potentially produce 1mt of cast steel feedstock annually. A fourth lease has been granted by the Mining Cadastre Office, FRN which will deliver a contiguous tenement package on the Agbaja Plateau of around 145sqkm. Kogi Iron Limited managing director David Turvey said the company had achieved another milestone as it moved forward to becoming an integrated steel producer in Nigeria. The new funding commitments include $860,000 in new equity from current shareholders, endorsing the project’s strong potential. Board members have continued to meet with...