Masan Resources-backed Nui Phao Mining completed the acquision of remaining 49% stake in Nui Phao H.C.Starck Tungsten Chemicals Manufacturing joint venture from H.C Stark for $29.1m.

Masan Resources-backed Nui Phao Mining, an electrical/electronic manufacturing company, completed the acquisition of the remaining 49% stake in Nui Phao H.C.Starck Tungsten Chemicals Manufacturing joint venture from H.C Stark for $29.1m. "This acquisition is a critical step to deliver our vision of becoming a fully integrated downstream tungsten chemicals business of global scale and influence. It consolidates our ownership of advanced processing technologies. Today, we are the number 1 primary TC producer Ex-China, with 36% of the non-China market, and we have clear operational plans to become the largest producer and supplier of tungsten chemicals globally," Craig Bradshaw, Masan Resources CEO.