Asian Mineral Resources Limited (“AMR”) (TSX VENTURE:ASN) is pleased to announce first production from its Ban Phuc Nickel Project.
Strong attendance at the opening ceremony, which took place on June 29, 2013, by officials from both central and provincial government, as well as the local community, is indicative of the continued broad support for the project within Vietnam. Both Mr. Nguyen Linh Ngoc, Vice Minister of the Ministry of Natural Resources and Environment, and Mr. Cam Ngoc Minh, Chairman of the People’s Committee of Son La Province, speaking at the opening ceremony, noted in particular the significance of the opening of the first nickel mine in Vietnam and the importance of the continued development of the nickel industry for the province and Vietnam’s economy.
Operations at the underground mine re-commenced on May 10, 2013 and, with the commissioning of the processing plant, production will ramp-up over the coming months to a run-rate of over 6,600 tpa nickel, 3,300 tpa copper, and 200 tpa cobalt contained in concentrate.
Mr. Simon Booth, CEO of AMR, stated: “The commencement of concentrate production from the Ban Phuc Nickel Project is a significant milestone for AMR and elevates the company to producer status. The efforts of our dedicated workforce and the ongoing support of the central and local government of Vietnam have been key to the success of the project. What has been particularly pleasing is that together we have built this project with zero lost time injuries, recently passing the milestone of one million man- hours Lost Time Injury Free. This is a world-class achievement and credit goes to all supervisors, employees and our contractors.”
AMR also continues to focus on progressing opportunities to expand production, including extensions to the Ban Phuc massive sulphide vein, and selected higher-grade portions of the disseminated sulphide deposit. This will enable AMR to leverage the 30% additional installed capacity at its processing plant.
Asian Mineral Resources Limited is a Canadian TSX-V listed company with a nickel producing mine, the Ban Phuc Nickel Project, located 160 km west of Hanoi in Son La Province, Vietnam. The project produces a high-quality nickel concentrate, with a significant copper by-product.
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We acknowledge the [financial] support of the Government of Canada.