Asia Resources (HKG:0899): Trial Begun in Indonesia Mine


Asia Resources Holdings (HKG:0899) commenced trial production at an iron ore mine in Indonesia in January 2012. An initial 5,000 metric tonnes of raw iron sand have already been exploited. Alongside with the trial production, the group will commence marketing activities targeting on both local and overseas customers for the sales of its iron sand.

The group will commence the planning and installation of more machines at the Mine in order to increase its production capacity.

At the initial production stage, the group will sell low concentration of processed iron sand. It is the ultimate aim of the group to provide high-quality iron concentrates at a low cost which will be exported to medium-size steel – makers in PRC and other regions in Asia. The group, in the long run, intends to establish refinery plants near the mine for filtering the iron sand in order to improve the concentration and quality of the iron sand.


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