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Asian Mineral Resources Ltd
Symbol ASN
Shares Issued 525,207,161
Close 2013-01-03 C$ 0.05
Market Cap C$ 26,260,358
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Asian Mineral's Ban can indefinitely export concentrate

2013-01-04 08:12 ET - News Release

Mr. Simon Booth reports

ASIAN MINERAL RESOURCES RECEIVES EXTENSION OF PERMISSION TO EXPORT NICKEL CONCENTRATE FOR THE LIFE OF THE PROJECT

Asian Mineral Resources Ltd. is pleased 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 stipulates that 9.5-per-cent-nickel concentrate is permitted for export by Ban Phuc Nickel Mines LLC, a subsidiary of AMR, without time limit. Previously, BPNM held a licence to export nickel concentrate until Dec. 31, 2015. This export licence is superseded by the circular.

Simon Booth, chief executive officer 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."

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