form8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report: June 10, 2008
ALLOY
STEEL INTERNATIONAL, INC.
(Exact
Name of Registrant as Specified in Charter)
DELAWARE
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000-32875
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98-0233941
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(State
or other jurisdiction of
incorporation)
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Commission
File
Number)
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IRS
Employer Identification
No.)
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42
MERCANTILE WAY MALAGA
P.O. BOX
3087 MALAGA DC 6945
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: +61 8 9248 3188
ITEM
8.01 OTHER
EVENTS.
INVESTIGATION
OF MINING ACTIVITIES AND PROPOSED JOINT VENTURE OPPORTUNITY IN
MONGOLIA
Mr Gene
Kostecki, CEO of Alloy Steel International Inc. (AYSI) out of Australia, has
recently returned from a fact finding visit to Mongolia where he was the guest
of a large scale engineering conglomerate and mineral mining
companies. The visit took Mr. Kostecki to both the city and mining
areas so as to get a real "hands-on" appreciation of operating in a country like
Mongolia with its harsh and challenging climate.
Located
in Central Asia, Mongolia is positioned between Russia to the north and the
People's Republic of China to the east, west and south.
The main
focus of the visit was to evaluate and to prepare an operational plan to support
the mining industry in Mongolia as it relates to plant and equipment maintenance
so as to promote longer life wear and hang-up solutions to the industry as a
whole.
At
present, the majority of the maintenance and wear product replacement has to be
undertaken off site, and in fact out of Mongolia, resulting in long logistical
delays, and costly inefficient practices.
Alloy
Steel was asked to make the site inspections as a result of their world wide
reputation as experts in solving wear and hang-up problems together with their
expertise in material selections and wear related engineering solutions to the
industry.
Alloy
Steel is fully committed to establishing a presence in Mongolia and is in the
last stages of finalizing a joint venture negotiation with Geomandal. Geomandel
is a recognized and organized conglomerate having headquarters in Mongolia and
specializes in construction, engineering design, and mining support
services. It is anticipated that Alloy Steel will have a holding of 60% in
the joint venture and nominate 3 of the 5 members of the Board of
Directors.
The new
entity will be responsible for the supply of ArcoplateTM in the
area and also support service centers in strategic areas which will established
or upgraded to maintain both fixed plant and mobile equipment at each major mine
site.
Strong
interest has been forthcoming from major companies already operating in Mongolia
as they can realize a real tangible benefit in the Alloy Steel product and what
it offers to both them and their customers.
Companies
mining in Mongolia include organizations such as BHP Billiton, Rio Tinto,
Ivanhoe Mines and Centerra Gold amongst others.
Mongolia
holds great promise and is strategically placed between Russia and China for
future dynamic development and will become one of the largest mineral producers
of this century.
Mr
Kostecki has been asked to carry out an audit on the condition of the in-situ
and mobile mining equipment on certain mine sites, and make technical and
commercial recommendations / solutions as to ongoing maintenance and hang-up
solutions for these sites.
It is
proposed this audit will commence in July 2008.
It is
anticipated the joint venture will commence commercial operations in early
2009. This will allow time to comply with Government regulations and
obtain the necessary licenses, and will be after the severe Mongolian winter
season.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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ALLOY
STEEL INTERNATIONAL, INC. |
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Date:
June 10, 2008
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By: /s/
Alan Winduss
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Name: Alan
Winduss
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Its:
Chief Financial Officer
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