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Jaydeep Biswas - Astra Mining Ltd to Enter JVA with Vietnamese Groups
bit.ly/ Jaydeep Biswas - Astra Mining Ltd to Enter into Joint Venture Agreements with Vietnamese Groups.
Astra Mining Ltd, an Australian diversified mining company (CEO - Jaydeep Biswas ), through its wholly owned subsidiary Astra Vietnam Pty Ltd, has signed Business Cooperation Agreements and Memorandums of Understanding with two Vietnamese groups to enter into joint venture operations in respect to the operation of multiple extraction permits.
Adelaide, Australia - May 17th 2011: Astra Mining Ltd, through its wholly owned subsidiary, Astra Vietnam Pty Ltd, has signed Business Cooperation Agreements and Memorandums of Understanding with two Vietnamese groups to enter into joint venture operations in respect to the operation of three exploration and extraction licenses in Hoa Binh, which is situated in the Doi Bu gold region of Vietnam, and three exploration and extraction licenses in the Nghn An province. Negotiations in respect to a joint venture operation for a further exploration and extraction license in Cambodia are being concluded in the Ou Yadav District of Ratanakiri. These exploration and extraction licenses are for gold mines, with a further exploration and extraction license being applied for in relation to a tin mine in the Vietnam region, prior to acquisition. All licenses are subject to final verification and due diligence.
The Lower Mekong region of South East Asia, consisting of Cambodia, Thailand, Myanmar, Laos and Vietnam, is considered by some geologists as being one of the most impressive natural geological laboratories in the world. However, this area is yet to be fully explored. The increased demand for natural resources both internally and externally, spearheaded by the rapid economic transformation that is currently occurring in South East Asia, means these areas need to undergo full geological exploration and commercialisation.
The mineralised gold system in the Doi Bu region of Vietnam covers an area of 15km2 and contains around 20 different mining leases. It is believed from information obtained through lease holders that the entire area could hold anywhere from 100 – 200 tonnes of gold, however extensive drilling is needed. Gold mineralisation in the region is believed to vary from 1 to 12.9 grams of gold per tonne, with evidence suggesting the potential for various undiscovered epithermal gold deposits. Other mineral assets are also present, including tin, which is of interest to Astra Mining Ltd as it is a material used in steel making products. With known mineralisation located at surface level, some of which has previously been mined by hand, the opportunity for small-scale open cut mining explorations is a viable option. Once open cut-mining has commenced this can be expanded to drilling which will extend known resources both laterally and vertically. ‘Being situated near a major city with easy access to the facilities required for mining means the mines in the Doi Bu region are economically viable and, as many of these mines have not been fully explored by advanced exploration, the opportunities are immense,’ said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.
Quy Hop, in the Nghe An region of Vietnam, covers an area of 0.45km2 and contains various mineral resources including tin and tantalite. This area has the potential to bring in a number of other areas to create a major tin project, something that is enhanced by the areas close proximity to a government owned processing plant that can be purchased in the future and nearby port facilities.
Jaydeep Biswas - The Vietnam mining sector
The Vietnam mining sector, which has grown rapidly since 2000, is governed by the Ministry of Natural Resources and Environment (MONRE) and its Department of Geology and Minerals (DOGM), with the mineral resources of the area belonging to the people of Vietnam and managed by the State. Although the countries mineral laws were revised, with new laws being effective from October 2005, further expected revisions are yet to be completed. The government is currently continuing with reforms, which focus on areas such as occupational health and safety and environmental protection. Foreign corporations are currently able to invest in mining and exploration opportunities and the government is attempting to simplify the application process, meaning the percentage of foreign investment is expected to grow considerably. ‘The mining sector in Vietnam is becoming more open to foreign investment as the government attempts to curtail illegal mining. Astra Mining will bring up-to-date technology and revised health and safety protocols to the mining sector, something that will be welcomed as it will aid in reducing the prevalence of illegal mining and the subsequent accidental deaths,’ said Silvana De Cianni, Managing Director of Astra Mining Ltd.
The Ou Yadav District in the Ratanakiri region of Cambodia is situated in the northeast of the country and covers an area of 222km2. The district is currently approved for mining, with gold resources of 4.8 to 12.6 grams per tonne proven. It is estimated the reserve could contain anywhere from 1 to 2 million ounces of gold, and resources of other metals are also a possibility, subject to further exploration.
The Cambodian mining sector
The mining industry in Cambodia is currently at a very early stage of development, with many mining laws still under review. Cambodia took longer than neighbouring countries to encourage development of this sector, something that was influenced by the fact that the need for basic mining laws was only fulfilled in 2001. However, due to the increase in global demand for mineral resources, the mining sector saw a surge in 2004. Since 2006, 104 exploration licenses have been issued and as of 2010 approximately 50 companies hold over 100 concessions, including Australian mining companies. ‘There is evidence that, due to the large number of promising mineral occurrences in Cambodia, many exploration companies are currently looking into mining opportunities in the area. Nineteen of the current opportunities on offer relate to gold occurrences, which is the area that Astra Mining is currently looking into as gold is countercyclical in its strength,’ said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.
For more information on Astra Mining Ltd, please visit the website located at www.astramining.com or stay in touch with Jaydeep Biswas and Astra Mining Ltd via the Facebook page. Jaydeep Biswas - CEO Astra Mining Ltd.
ger @box @expono @fotki @gdocs @imageshack @photobucket @pingfm @plerb @shutterfly @tumblr @youtube
Jaydeep Biswas - Astra Mining Ltd to Enter JVA with Vietnamese Groups
bit.ly/ Jaydeep Biswas - Astra Mining Ltd to Enter into Joint Venture Agreements with Vietnamese Groups.
Astra Mining Ltd, an Australian diversified mining company (CEO - Jaydeep Biswas ), through its wholly owned subsidiary Astra Vietnam Pty Ltd, has signed Business Cooperation Agreements and Memorandums of Understanding with two Vietnamese groups to enter into joint venture operations in respect to the operation of multiple extraction permits.
Adelaide, Australia - May 17th 2011: Astra Mining Ltd, through its wholly owned subsidiary, Astra Vietnam Pty Ltd, has signed Business Cooperation Agreements and Memorandums of Understanding with two Vietnamese groups to enter into joint venture operations in respect to the operation of three exploration and extraction licenses in Hoa Binh, which is situated in the Doi Bu gold region of Vietnam, and three exploration and extraction licenses in the Nghn An province. Negotiations in respect to a joint venture operation for a further exploration and extraction license in Cambodia are being concluded in the Ou Yadav District of Ratanakiri. These exploration and extraction licenses are for gold mines, with a further exploration and extraction license being applied for in relation to a tin mine in the Vietnam region, prior to acquisition. All licenses are subject to final verification and due diligence.
The Lower Mekong region of South East Asia, consisting of Cambodia, Thailand, Myanmar, Laos and Vietnam, is considered by some geologists as being one of the most impressive natural geological laboratories in the world. However, this area is yet to be fully explored. The increased demand for natural resources both internally and externally, spearheaded by the rapid economic transformation that is currently occurring in South East Asia, means these areas need to undergo full geological exploration and commercialisation.
The mineralised gold system in the Doi Bu region of Vietnam covers an area of 15km2 and contains around 20 different mining leases. It is believed from information obtained through lease holders that the entire area could hold anywhere from 100 – 200 tonnes of gold, however extensive drilling is needed. Gold mineralisation in the region is believed to vary from 1 to 12.9 grams of gold per tonne, with evidence suggesting the potential for various undiscovered epithermal gold deposits. Other mineral assets are also present, including tin, which is of interest to Astra Mining Ltd as it is a material used in steel making products. With known mineralisation located at surface level, some of which has previously been mined by hand, the opportunity for small-scale open cut mining explorations is a viable option. Once open cut-mining has commenced this can be expanded to drilling which will extend known resources both laterally and vertically. ‘Being situated near a major city with easy access to the facilities required for mining means the mines in the Doi Bu region are economically viable and, as many of these mines have not been fully explored by advanced exploration, the opportunities are immense,’ said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.
Quy Hop, in the Nghe An region of Vietnam, covers an area of 0.45km2 and contains various mineral resources including tin and tantalite. This area has the potential to bring in a number of other areas to create a major tin project, something that is enhanced by the areas close proximity to a government owned processing plant that can be purchased in the future and nearby port facilities.
Jaydeep Biswas - The Vietnam mining sector
The Vietnam mining sector, which has grown rapidly since 2000, is governed by the Ministry of Natural Resources and Environment (MONRE) and its Department of Geology and Minerals (DOGM), with the mineral resources of the area belonging to the people of Vietnam and managed by the State. Although the countries mineral laws were revised, with new laws being effective from October 2005, further expected revisions are yet to be completed. The government is currently continuing with reforms, which focus on areas such as occupational health and safety and environmental protection. Foreign corporations are currently able to invest in mining and exploration opportunities and the government is attempting to simplify the application process, meaning the percentage of foreign investment is expected to grow considerably. ‘The mining sector in Vietnam is becoming more open to foreign investment as the government attempts to curtail illegal mining. Astra Mining will bring up-to-date technology and revised health and safety protocols to the mining sector, something that will be welcomed as it will aid in reducing the prevalence of illegal mining and the subsequent accidental deaths,’ said Silvana De Cianni, Managing Director of Astra Mining Ltd.
The Ou Yadav District in the Ratanakiri region of Cambodia is situated in the northeast of the country and covers an area of 222km2. The district is currently approved for mining, with gold resources of 4.8 to 12.6 grams per tonne proven. It is estimated the reserve could contain anywhere from 1 to 2 million ounces of gold, and resources of other metals are also a possibility, subject to further exploration.
The Cambodian mining sector
The mining industry in Cambodia is currently at a very early stage of development, with many mining laws still under review. Cambodia took longer than neighbouring countries to encourage development of this sector, something that was influenced by the fact that the need for basic mining laws was only fulfilled in 2001. However, due to the increase in global demand for mineral resources, the mining sector saw a surge in 2004. Since 2006, 104 exploration licenses have been issued and as of 2010 approximately 50 companies hold over 100 concessions, including Australian mining companies. ‘There is evidence that, due to the large number of promising mineral occurrences in Cambodia, many exploration companies are currently looking into mining opportunities in the area. Nineteen of the current opportunities on offer relate to gold occurrences, which is the area that Astra Mining is currently looking into as gold is countercyclical in its strength,’ said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.
For more information on Astra Mining Ltd, please visit the website located at www.astramining.com or stay in touch with Jaydeep Biswas and Astra Mining Ltd via the Facebook page. Jaydeep Biswas - CEO Astra Mining Ltd.
ger @box @expono @fotki @gdocs @imageshack @photobucket @pingfm @plerb @shutterfly @tumblr @youtube