Asian Mineral Resources: Adjustment to Export Restrictions for Ban Phuc

Asian Mineral Resources Limited announced today that the Vietnamese Ministry of Industry and Trade (“MOIT”) has agreed, following submissions by AMR’s 90% owned subsidiary Ban Phuc Nickel Mines LLC and the Son La Peoples Committee, that exports of nickel concentrate from its Ban Phuc project will be permitted for the five year period commencing with the beginning of production. The... 

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Asian Mineral Resources Limited-Revised Corporate Strategy

Asian Mineral Resources Limited announced that it has adopted a corporate and operating strategy whereby: - Most of the activity being undertaken at the Company’s Ban Phuc Nickel Project, with the objective of a spring 2009 start-up, will be suspended. - The Project (including a recently completed vertical ore pass) will be placed on a care and maintenance basis. - Expenditures will be reduced... 

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Asian Mineral Resources Limited-Ban Phuc Project Suspension

Asian Mineral Resources Limited announced today that development activities on the Company’s Ban Phuc nickel project will be suspended effective October 1, 2008. The Company has been unable, as the result of a combination of factors, including current market conditions and uncertainties regarding Vietnamese government policies on nickel concentrate exports, export tariffs, royalties and taxes,... 

AMR Outlines Export Tariff Increase Impact on Ban Phuc Nickel Project

Asian Mineral Resources Limited announced the steps it plans to take to deal with the impact on its Ban Phuc nickel project of the recently announced increase to 20% in the Vietnamese export tariff on nickel concentrates. AMR has initiated discussions with the appropriate Vietnamese governmental authorities and has begun enlisting the support of other interested parties in seeking to have the tariff... 

Asian Mineral Resources Limited Receives Approval of its Environmental Impact Assessment Report

Asian Mineral Resources Limited announced that its 90% owned joint venture company, Ban Phuc Nickel Mines Limited (“BPNM”), has received formal Vietnamese central government approval for its Environmental Impact Assessment Report on its Ban Phuc nickel project. The application for a mining license for the project for which all required supporting documentation, including a feasibility study,... 

INCREASES OWNERSHIP TO 90% OF THE BAN PHUC NICKEL PROJECT, VIETNAM

Asian Mineral Resources Limited (TSXV:ASN) announces that it has acquired an additional 20% project ownership in the Ban Phuc Nickel Project (”Project”), Vietnam for US$2.5 million. The 20% interest acquisition from founding joint venture partner, Mineral Development Company, was made in accordance with the terms of the July 12, 2005 definitive Purchase Agreement, thereby increasing ASN’s... 

Asian Mineral Resources Announces Closure of Convertible Note Facility

Asian Mineral Resources Limited (TSX VENTURE:ASN.V – News) announces that it has issued $2,500,000 of Series B Notes to AGD Mining Limited pursuant to a final drawdown under its $5,000,000 Convertible Note Subscription Agreement dated July 12, 2005 (the “Agreement”). The proceeds will be used for working capital and the funding of ASN’s purchase of an additional 20% project... 

Asian Mineral Resources Vietnam Nickel Figure Cleared

Asian Mineral Resources Ltd. received Vietnamese government approval for its reserve estimates at a property that may become the site of the first nickel mine in the Southeast Asian nation. The Ban Phuc property in the northern Vietnamese province of Son La holds proved and probable contained nickel resources of 24,240 tons at a grade of about 2.4 percent, the Canadian company said in a TSX Venture... 

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Crusher Equipment Purchase Results in Lower Capital Costs for Asian Mineral Resources Limited

Asian Mineral Resources Limited (TSX VENTURE: ASN) announced today that its 70% owned joint venture company, Ban Phuc Nickel Mines Limited (“BPNM”) is purchasing a second-hand crushing circuit for its Ban Phuc Nickel Project (“Ban Phuc”) in Vietnam. The equipment being acquired is located in northern Vietnam and with minimum refurbishment will meet the technical requirements...