TORONTO, ONTARIO -- (Marketwire) -- 01/04/13 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE: ASN) is pleased to announce that the Ministry of Industry and Trade of the Socialist Republic of Vietnam has issued a circular regarding the export of minerals and mineral products from Vietnam (the "Circular"). The Circular stipulates that 9.5% nickel concentrate is permitted for export by Ban Phuc Nickel Mines LLC ("BPNM"), a subsidiary of AMR, without time limit. Previously, BPNM held a licence to export nickel concentrate until 31 December 2015. This export licence is superseded by the Circular.
Mr. Simon Booth, CEO of AMR, stated, "We are pleased to see the extension of the right to export concentrate for the life of the Ban Phuc nickel project. This is an important step towards commencing sustainable production from Ban Phuc, and another sign of the ongoing support of the Government of the Socialist Republic of Vietnam."
Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project, located 160 km north-west of Hanoi in Son La Province, which is 90% owned by its subsidiary Ban Phuc Nickel Mines LLC. The development of the project is in advanced stages, with underground and surface infrastructure near completion and commercial production expected to occur by June 2013. For further details on AMR and the Ban Phuc Nickel Project, please refer to the company website at www.asianminres.com.
This press release includes certain "Forward-Looking Statements". All statements, other than statements of historical fact, included herein, including without limitation, statements regarding completion of the project and the achievement of expected benefits, potential mineralization and reserves, exploration results and future plans and objectives of AMR are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from AMR's expectations are disclosed under the heading "Risk Factors" in AMR's Annual Information Form and elsewhere in AMR's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. Forward-looking statements are qualified entirely by this cautionary statement and are given only as at the date of this press release. AMR disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Asian Mineral Resources Limited
Chief Financial Officer
Most Popular Stories
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Ohio State Band Chief Fired After Probe
- Stop-Start Engines Save Gas, Reduce Emissions
- Hispanic Leader Goes the Extra Mile
- Ukraine Says Russians Firing Across the Border
- Jennifer Lopez, Pitbull to Perform at Fashion Rocks
- Ricky Martin Joins 'The Voice ... Mexico'
- Ford Q2 Net Profit up 6 Percent
- U.S. Weighs Refugee Status for Immigrant Kids
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges