Visit Note
- AJR’s mini blast furnace is expected to commence its full operation by end-Nov/Dec 2010 after going through cold commissioning currently.
- Management said that the average cost of its current inventory of scraps is below US$400/tonne and is sufficient to last them till Feb 2011. So far, AJR has secured roughly 60k tonnes of iron fines domestically and has imported about 50k tonnes of coking coal from Russian and Indian sources.
RHB Equity 360° - 8 October 2010 (Ann Joo, Dialog, Paramount, LPI; Technical: Affin)
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