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Baker Steel excited about potential in new A$10mln coking coal investment

Baker Steel Resources Investment Trust's (LON:BSRT) Trevor Steel discusses the decision by Polar Acquisition Limited, one of the most significant investments held by Baker Steel, to sell its interest in the Prognoz silver mine in Russia to Polymetal International PLC.

At the January monthly update, Polar Acquisition represented just under 38% of Baker Steel’s net asset value.

Steel also discusses their new investment into a private Australian coking coal company with assets in Queensland.

''What attracted us to this opportunity was timing first of all ... secondly, the infrastructure there is excellent''.

Quick facts: Baker Steel Resources Trust Ltd

Price: 45 GBX

LSE:BSRT
Market: LSE
Market Cap: £47.91 m
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