Masan Resources brochure – 2018

MASAN RESOURCES UNLOCKING THE POTENTIAL OF VIETNAM’S TUNGSTEN RESOURCE

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MASAN RESOURCES THE FUTURE POTENTIAL OF TUNGSTEN IN VIETNAM WRIT TEN BY

DA LE BENTON PRODUCED BY

A LE X PAGE

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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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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 compa04

nies 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.

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Overseeing this development is

fluorspar mines in the world as well as

Craig Bradshaw, CEO of Masan

being the largest bismuth mine in the

Resources and General Director at

world too,” he says. “But Vietnam has

Nui Phao. Having worked on the project

so much untapped potential in terms of

over the last seven years, under the

people too with quality of life, educa-

previous CEO and succeeding him in

tion and infrastructure all improving.

2015, Bradshaw has witnessed first-

“When you combine the resource

hand just how much potential both

potential with the human workforce

Vietnam and the mine itself has to

potential, you really begin to recognise

dictate the global mining market.

how close Vietnam is to changing

“We’re the world’s largest tungsten mine, up there as one of the leading

the mining conversation in the world.”

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“ We’re the world’s largest tungsten mine, up there as one of the leading fluorspar mines in the world as well as being the largest bismuth mine in the world too” 08

— Craig Bradshaw, CEO of Masan Resources & General Director at Nui Phao

The project produces around 3.5 to

more challenging here than at any other

3.8mn tonnes of ore per year, including

mine in the world, given the nature

tungsten, bismuth, fluorspar and small

of the minerals.”

amounts of copper and gold. Bradshaw

Alas, Bradshaw points to consider-

notes that the challenge then becomes

able success that he has overseen at

one of processing those different

the project in recent years. In 2017,

minerals, both effectively and efficiently.

Masan Resources reported a record

“It really is a challenge in being able

year for production across all of its

to process those minerals and extract

commodities, with a 5.7% increase year

them at different stages of the process,”

on year with tungsten, copper and acid

says Bradshaw. “I’d argue it’s probably

grade fluorspar production increasing

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13.3%, 8.5% and 7.6% respectively.

But what does Bradshaw attribute

a challenge made up of different techniques, different sciences and

this success to? For him it is simple:

processes. It’s a good challenge,

it is the people and the team that he

but how do you solve it?”

has amassed over time.

“The difference between good

Masan Resources solves this problem through a truly collaborative approach.

companies and bad companies are

Bradshaw believes that no one in the

the people that they have and the skills

mining industry will come into a business

that they are allowed to bring into

and solve a problem with the “perfect

problem solving,” he says. “When you

background” rather he looks at attracting

look at the challenge we face, it’s

and pooling people together that can

SURFACE PROTECTION Trepax has extensive track record in the mining and other industries in South East Asia. We have also undertaken projects in Africa as well as providing solutions through partners to mine sites in Australia and other surrounding countries. Our services include a portfolio of solutions for surface protection of essential assets from static equipment such as process vessels to mechanical equipment such as mills, pumps etc.

The solutions provided include protection against wear from erosion or protection against chemical or environmental corrosion.

Trepax turn key services encompass design, supply and installation for new build projects, upgrades as well as repair and maintenance programs.

We have a reputation in the region of providing innovative solutions to solve plant problems using the combined expertise of Trepax Engineering teams and our materials supply partners all back by solid warranties.

Our vast field of knowledge, product variety and application skills has helped key clients like Nui Phao achieve long term surface protection of key assets. We are pleased to be part of Nui Phao’s ongoing success and growth, in providing them with real world solutions to their most challenging corrosion, wear and abrasion issues.

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bring different approaches and

workers out there looking to embark

different viewpoints to a problem.

on a career in mining.

“Collectively then, it is just about

This is where other companies turn

looking at a problem or a challenge

towards recruitment agencies or mining

through different angles,” he says.

service providers, but Bradshaw

“They bring different core competencies,

approaches this a little differently.

different backgrounds and experiences,

“When we are trying to build a company

they approach it differently and this

and recruit people, we don’t just go and

creates real collaborative effect.”

seek out specific agencies for each

This collaborative approach starts

specific area of work in mining,” he says.

at the recruitment level. The mining

“Sure, we got people who had experi-

industry, through its labour intensive

ence across different metals and

nature, is often one that is plagued by

different processes but for me what’s

skills shortages or a general lack of

key is their mindset.” w w w. m a s a n g r o u p . c o m

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“They can have the best knowledge

Bradshaw recognises this responsi-

of tungsten or fluorspar, but they need

bility to be able to supply the market

the right mindset and work ethic. That’s

and understands the key role that

what makes us unique, we have a group

Masan Resources can play in building

of people with all their different experi-

the capabilities of Vietnam’s mining

ences but they come to work and they

industry to answer to the demand.

challenge each other. That’s a work

This is where Masan Resources’

ethic we strive for and is what ultimate-

strategy of acquiring assets across

ly leads us to success.”

Vietnam will prove key. Bradshaw

As the world’s largest tungsten mine,

believes that as the company looks

the Nui Phao will both influence and be

to the future, it will look to benchmark

influenced by the market demand. With

the industry through the Nui Phao mine.

its uses in cutting tool technologies

Nui Phao is the first mine in Vietnam

used in the aerospace, defence and

to operate to international standards.

automotive industries, tungsten is a key

That in itself is no small feat and it is

mineral now more than ever before.

a feat that Bradshaw feels will continue

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“We’ve been successful in developing the mine and so the future for us is to be the number one producer of tungsten in the world, or within the top three. There’s no reason we can’t be,based on how successful we’ve been with our current portfolio”

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A PARTNERSHIP OF YEARS GROWING ONLY STRONGER

WE’VE HAD PLENTY OF REASONS TO CELEBRATE THROUGHOUT THE YEARS.

Our success has come from working together, to build a real understanding of your vision in Vietnam. Our shared approaches to

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Safety and Regulatory compliance, in a complex geography through multiple stakeholders have been the foundation of a credible partnership. Our relationship has

successfully brought the latest technology into Vietnam, and it’s just the begining for many more to follow.

to define the future growth of

There’s no reason we can’t be

Masan Resources.

based on how successful we’ve

“There is real opportunity across Vietnam,” he says. “We are

been with our current portfolio.”

The mining industry is cyclical

looking to acquire new assets

and one of the biggest challeng-

and replicate what we’ve done with

es in the world, be it gold, copper

Nui Phao, not just in tungsten but

or tungsten, is that supply may

in other resources.

one day meet the current demand

“We’ve been successful in

but it will inevitably fall into a deficit.

developing the mine and so the

Bradshaw is all too aware of this

future for us is to be the number

and points to the Vietnam account-

one producers of tungsten in the

ing for approximately 40% of the

world, or within the top three.

world’s supply of tungsten 19

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21 presenting an opportunity for the company to play a key role in the future of this market.

“We’re independent from other producers,” he says. “The rest of the world is in a deficit as the likes of China rely on tungsten for its industrial sector.

industrial sector. We embody the

“Masan Resources is the number one

“Vietnam can do” spirit, and we are

primary TC producer Ex-China, with

strongly positioned not only to signifi-

36% of the non-China market, and we

cantly increase shareholder value,

have clear operational plans to become

but more importantly, to enhance

the largest producer and supplier of

social economic value as a representa-

tungsten chemicals globally.”

tive of Vietnam globally.”

“I hope Vietnam can be proud of Masan Resources’ ambition and ability to be a dominant player in a global w w w. m a s a n g r o u p . c o m

Level 15 Hoa Binh international building 106 Hoang Quoc Viet St. Cau Giay Dist.

Ha Noi Viet Nam T +(84-4) 3718 2490 www.masangroup.com