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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 a controlling interest in Nui Phao Mining. Nui Phao Mining owns an open pit mine located in Thai Nguyen Province in Northern Vietnam containing mineral deposits of tungsten, fluorspar, bismuth and copper. Since taking over the Nui Phao Project, we have focused on key areas to complete investment requirements for the project and support its successful development. At the beginning, we concentrated on essential functions to deploy the project, specifically completing legal requirements for the project, arranging sufficient funds, re-enforcing management team and accelerating compensation and resettlement activities. In 2011 and 2012, we continued on the back of this success and focused on the acceleration of project development, which eventually enabled the Nui Phao mine to start commercial production during the first quarter of 2014. Throughout 2014, Masan Resources aimed at increasing production rates and its production achieved steady state of operations during the fourth quarter of 2014 resulting in more consistent processing throughput and recovery levels.