Astra Mining Ltd Is Making Significant Progress With Interstate And Overseas Projects
Astra Mining Ltd is excited to announce the company is making significant progress with projects both interstate and overseas. These include further negotiations with representatives in Nigeria, in relation to the acquisition of a coking coal mine, exploring further gold opportunities in Vietnam and beginning a resource industry based housing development company in the Rockhampton region.
The Rockhampton region is connected to the Australian mining hub of the Bowen Basin by rail and is ideally positioned to accommodate the fly in, fly out mining and mining services workforce. This link with the steadily growing mining community, and the increasing demand on existing infrastructure, is expected to have a large influence on the housing and accommodation needs of the region in the medium term. Astra Mining Ltd plan to capitalize on this demand for housing by focusing on developments in locations that provide easy access to both the Bowen Basin and Gladstone.
With major mineral and energy projects expected to begin in Rockhampton in the near future skilled workers will be expected to move to the region meaning the demand on infrastructure will only increase. This is the major initiator behind the demand for new housing developments in Rockhampton and the surrounding region. ”The supply and demand in the area, which is supported by the smaller mining communities needs for reasonably priced ’off site’ accommodation, underpins the feasibility of Astra Mining Ltd’s concept for development of the region,” said Silvana De Cianni, Managing Director of Astra Mining Ltd.
There are currently 54 operating coal mines in Queensland, with 4 mines under construction (3 of which are in the Bowen Basin) and a further 28 projects have mining leases granted or are under application.
Additionally, Astra Mining Ltd is near finalization in its discussions with a party having substantial interests in a coking coal mine in Nigeria, which will, if completed, substantially add to the diversification of the geographic location of business activities of the company.
Further, the company is in advanced initial stages with gold mining leaseholders in a certain province in Vietnam, which also assist the company in its diversification of interests and potentially hedge against future currency risks.
Further announcements on these overseas and Central Queensland developments will be made shortly.
For more information on Astra Mining Ltd, please visit the website located at www.astramining.com
Jaydeep Biswas Ceo
Astra Mining Ltd
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- Jaydeep Biswas
- Astra Mining Ltd
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