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,... 

Vietnam Petroleum Institute and Paradigm Strategic Consulting Collaborate on Geoscience Projects within Vietnam

Paradigm, a leading provider of enterprise software solutions and strategic consulting services to the global oil and natural gas exploration and production (E&P) industry, announces that it will collaborate with Vietnam Petroleum Institute (VPI), the leading provider of geoscientific and technological consultancy for the Vietnamese government and state-owned Petrovietnam, on geosciences consulting... 

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... 

Archipelago Resources to develop Vietnam chromite mine

British-based Archipelago Resources plans to establish a joint venture with state-run Vietnamese miner Vinacomin to develop a chromite mine, the government said. It said in a directive seen on Monday the joint venture would mine chromite, a mineral that is a major ore source for chromium, at a 16.6 sq km mine in the northern province of Thanh Hoa.  Read More →

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Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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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,... 

Vietnam, China in $1.6 bln bauxite/alumina deal

The Vietnam National Coal-Mineral Industries Group and Aluminium Corp. of China Ltd. , or Chalco, will invest around $1.6 billion in mining bauxite and refining alumina, they said on Wednesday. The two firms signed a framework agreement on the project last Thursday in Hanoi during a visit by Chinese President Hu Jintao before he attended an Asia-Pacific summit. “After the two governments approve... 

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Vietnam sets bauxite development plan

Vietnam is considering a $1 billion joint venture with U.S. aluminium producer Alcoa Inc. to mine bauxite and refine alumina in the Central Highlands. Following is a list of proposed bauxite projects in Vietnam to be funded by the government or through joint ventures with foreign companies. The draft report was compiled by Vietnam’s Mining and Metallurgy Research Institute and released in late... 

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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...