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May/June 2013 - The ASIA Miner

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Vietnam<br />

THE first ferrotungsten product was lifted at<br />

Hazelwood Resources’ ATC Ferrotungsten<br />

Project near Vinh Bao during the evening shift<br />

on April 11, <strong>2013</strong>. This milestone was achieved<br />

within the plant’s hot commissioning<br />

schedule and first revenue was expected by<br />

the end of April. Stage one of the ATC Ferrotungsten<br />

Project has an annual nameplate<br />

capacity of about 4000 tonnes of ferrotungsten<br />

alloy, equivalent to 3000 tonnes of contained<br />

tungsten (at 75% minimum tungsten<br />

content). It is the largest ferrotungsten plant<br />

outside China and the design is believed to<br />

be the most advanced in the world.<br />

Following construction of the ATC Ferrotungsten<br />

Project in 2011/12, Hazelwood’s<br />

subsidiary, Asia Tungsten Products (ATC) finalized<br />

preparations for production by securing<br />

all necessary raw materials and<br />

inventories. Hot commissioning commenced<br />

at the start of April and by mid-April the operations<br />

entered the production phase.<br />

<strong>The</strong> challenging production process, which<br />

occurs at greater temperatures than other<br />

ferroalloy processes, was successfully implemented<br />

by the experienced team of engineers.<br />

<strong>The</strong> performance of the new furnace<br />

has been in line with expectations.<br />

All ferrotungsten produced shall be distributed<br />

under a sales agency agreement with<br />

Wogen Resources, which has been involved<br />

ATC plant produces first ferrotungsten<br />

in the trade of minor metals for more than 40<br />

years. It will distribute the product to existing<br />

network of customers. Outside of China,<br />

there is limited production capacity for the<br />

master alloy, which is used in the production<br />

of high speed steels, tool steels and temperature<br />

resistant alloys.<br />

<strong>The</strong> ATC Ferrotungsten Project was constructed<br />

under-budget and represents a capital-efficient<br />

entry into specialty metal<br />

production with the opportunity to launch into<br />

other downstream processing ventures.<br />

Hazelwood is an emerging specialty metals<br />

producer with a majority stake in the ATC<br />

project. Starting as a refining operation that<br />

utilizes externally sourced feedstock, there is<br />

potential for integration with Hazelwood’s<br />

proposed Big Hill tungsten deposit in Western<br />

Australia. Big Hill is an advanced project<br />

with an open pittable 12-year JORC ore reserve<br />

and is capable of producing an exceptionally<br />

pure tungsten feedstock.<br />

<strong>The</strong> furnace lighting ceremony to mark the start of hot commissioning at Hazelwood Resources’ ATC Ferrotungsten Project.<br />

Ban Phuc on track for <strong>June</strong> commissioning<br />

CONSTRUCTION of Asian <strong>Miner</strong>al Resources’<br />

(AMR) Ban Phuc Nickel Project continues<br />

to progress rapidly towards the <strong>June</strong><br />

<strong>2013</strong> target commissioning date. In particular,<br />

the ball mill, the last piece of major equipment,<br />

is now mounted on site. <strong>The</strong><br />

construction of the tailings storage facility<br />

continues ahead of schedule and is expected<br />

to be completed in <strong>May</strong> <strong>2013</strong>, as planned.<br />

AMR has retained an Australian mining contactor<br />

to ensure efficient commencement of<br />

mining at the project. <strong>The</strong> mining contractor is<br />

mobilizing equipment and personnel to the Ban<br />

Phuc site, and mining operations were scheduled<br />

to recommence by the end of April. Due<br />

to the existing underground infrastructure already<br />

in place at Ban Phuc, mining is immediately<br />

focusing on production of nickel ore<br />

ready for commissioning of the process plant.<br />

<strong>The</strong> project is 160km northwest of Hanoi<br />

in the Son La Province, which is 90%-<br />

owned by AMR’s subsidiary Ban Phuc Nikkel<br />

Mines LLC. AMR is also making pleasing<br />

progress with obtaining key remaining permits,<br />

including:<br />

• <strong>The</strong> approval of the updated project feasibility<br />

study by the Ministry of Industry and Trade;<br />

• <strong>The</strong> approval of the company’s updated<br />

environmental impact assessment and environmental<br />

remediation and rehabilitation<br />

plan by the Ministry of Natural Resources<br />

and Environment; and<br />

• <strong>The</strong> issuance of the water use permit for the<br />

Ban Phuc project by the Son La Department<br />

of Natural Resources and Environment.<br />

<strong>The</strong> recent receipt of these approvals demonstrates<br />

the ongoing support received by<br />

AMR from the Government of the Socialist<br />

Republic of Vietnam.<br />

<strong>The</strong> company’s CEO Simon Booth says,<br />

“We are extremely pleased with the ongoing<br />

progress of the Ban Phuc Nickel Project towards<br />

production. In particular, the selection<br />

of an experienced mining contractor significantly<br />

de-risks a key element of the operations.<br />

In addition, the ongoing high-level of<br />

support AMR has received from both the<br />

central and provincial bodies of the Government<br />

of Vietnam, as well as the continued<br />

support of its major shareholders have been<br />

highly encouraging.”<br />

<strong>May</strong>/<strong>June</strong> <strong>2013</strong> | <strong>ASIA</strong> <strong>Miner</strong> | 35

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