Masan Resources is looking to become Vietnam’s private sector resources champion by acquiring, exploring and developing resource assets of scale. Vietnam is endowed with significant resources across a variety of metals and minerals. These resources are largely undeveloped and, outside of state ownership, their market is highly fragmented. We believe that with our experienced management team, local access, strong execution capabilities, international partners and capital raising abilities, we have developed the right platform to consolidate these assets and build Masan Resources into the leading mineral mining company in Vietnam.
In 2010, we acquired Nui Phao Mining. Nui Phao Mining owns an open pit mine located in Thai Nguyen province in northern Vietnam which contains mineral deposits of tungsten, fluorspar, bismuth, copper and traces of gold. Our current focus is to develop the Nui Phao on schedule and within budget.