MASAN RESOURCE
MINING GLOBAL rare combination of economic mineralalization of fluorspar , bismuth and copper occurring with the tungsten .
“ I ’ m only aware of two or three polymetallic deposits in the world ,” said Dominic Heaton , CEO of Masan Resources . “ A project will typically have one , or maybe two recoverable minerals , but rarely anything like Nui Phao .”
According to Heaton , the project originated when a Canadian junior mining company , out exploring for tin prospects , hit on some tungsten anomalies .
“ By the end of 2004 , the company had advanced the project through a feasibility study , including starting the engineering and permitting process , until it sold the project to a local private equity group in 2006 . The private equity group ran into trouble raising capital for the project and in 2008 , the project went on to care and maintenance , until Masan Group acquired the project in 2010 ,” said Heaton .
According to Masan ’ s website , Nui Phao mine ’ s resource was initially estimated by AMEC and re-
Dominic Heaton - Chief Executive Officer
“ FROM A PROJECT DELIVERY POINT OF VIEW , THE PROJECT HAS EASY ACCESS TO GOOD PEOPLE AND RESOURCES , GREAT INFRASTRUCTURE FOR CONTRACTORS AND IMPORTS THAT NEED TO COME INTO THE COUNTRY .”
– Dominic Heaton , CHIEF EXECUTIVE OFFICER
www . masangroup . com / masanresources 35