- Published: Monday, 01 December 2014 10:08
- Written by ASIA Miner News
MASAN Resources, a subsidiary of Masan Group, is vying to become Vietnam’s private sector resources champion by acquiring, exploring and developing resource assets. In 2010, the company acquired the Nui Phao Project in Thai Nguyen province in northern Vietnam containing tungsten, fluorspar, bismuth and copper. JORC compliant reserves were at 52.5 million tonnes of ore with average WO3 (tungsten trioxide) grade of 0.21%. Now some 15 months after starting commissioning Nui Phao is the largest producer of tungsten concentrate outside of China and is ramping up to become one of the largest producers of acid-grade fluorspar and bismuth in the world.