Business Chief APAC+ANZ Magazine October 2018 | Page 128

MASAN RESOURCES

MASAN RESOURCES HAS SUCCESSFULLY DEVELOPED THE LARGEST TUNGSTEN MINE IN THE WORLD , SHINING THE SPOTLIGHT ON VIETNAM ’ S EMERGING MINING SPACE

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L ooking across the global mining map , Canada , Australia and Africa dominate the conversation with regards to resource rich geographies and untapped potential . The mining industry is cyclical and that in turn forces companies to look for new resources and new opportunities in new and emerging markets . One such emerging market , is Vietnam . Vietnam is a mining jurisdiction that is the very definition of untapped potential . With more than 5,000 deposits of more than 60 different types of metals , including 7 % of the world ’ s reserves of bauxite , Vietnam could very well be a major mining market of the future .

In order to turn this possibility into reality , not only will it require investment but smart investment , leadership and a network of international partners to collaborate as part of a platform to drive this market .
This is exactly what Masan Resources strives to achieve . Through the acquisition of a controlling interest in Nui Phao Mining , Masan Resources has worked to significantly develop the Nui Phao Project – the world ’ s largest tungsten mine .
OCTOBER 2018