Diversified mining company Astra Resources PLC which is the UK parent company of Astra Mining has outlined the company's corporate growth strategy for the market.

Astra’s business model is focused on mining and related opportunities, along with technology opportunities including T-Steel, which provide the company with the potential to grow within the resources sector on an international scale.

The company's current interests include direct involvement in the extraction of iron ore, gold and thermal and coking coal, as well as risk management strategies including secondary mining opportunities and mining services housing.

Astra's plan includes pursuing mining projects which are logistically close to market, are licensed or within 12 months of operation, require no major infrastructure infusion, and are in known resource areas and open-cut operations.

Mr Jaydeep Biswas CEO said that “We have established a number of primary mining opportunities for iron ore in India and iron ore sands in the Philippines, both which will provide benefits through supply to the market and for our own needs.”

“The recent granting of trading licenses covering the main iron ore producing regions in India will allow Astra to trade and transport self-mined and third party mined iron ore to Paradip Port for export from our own storage and shipping site."

Astra has also signed a memorandum of understanding for an iron sands development in the North East Philippines with the Cagayan River Construction & Development to establish a joint venture entity, which will manage and put to use the iron sands deposits in the Cagayan River Delta.

(Sourced from www.proactiveinvestors.co.uk)