Vietnam mining firm Nui Phao appoints new general director

By Lan Do
Sun, December 8, 2024 | 9:09 am GMT+7

Ashley McAleese has been appointed general director of Nui Phao Mining Company, a subsidiary of Masan Group, effective from January 1, 2025.

He will be in this position from January 1, 2025 to December 31, 2029, according to a statement from the company's board of members.

Ashley McAleese, newly-appointed general director of Nui Phao Mining Company. Photo courtesy of Masan Group.

Ashley McAleese, newly-appointed general director of Nui Phao Mining Company. Photo courtesy of Masan Group.

Nui Phao Mining Company operates the Nui Phao polymetallic mine which lies across the communes of Hung Son, Ha Thuong, and Tan Linh in Dai Tu district, Thai Nguyen province.

The company is fully owned by Masan High-Tech Materials Company (UpCOM: MSR), a member of Masan Group.

Born in 1980, McAleese is an Australian national. In addition to his new role at Nui Phao and MSR, he is general director and authorized representative of Masan Tungsten Company Limited, overseeing a capital contribution of VND971.5 billion ($38.3 million), or a 29.99% stake.

Masan Tungsten is another subsidiary of MSR. McAleese currently does not hold any shares in MSR.

In November, MSR’s board of directors approved the resignation of Craig Richard Bradshaw as a board member. Concurrently, it appointed McAleese as a board member for the 2021-2026 term.

This leadership change reflects MSR’s strategic focus on strengthening its management team to support continued growth and development in the mining and materials sector.

Comments (0)
  • Read More
Vietnam's major tire maker Danang Rubber to be supplier of EV maker VinFast

Vietnam's major tire maker Danang Rubber to be supplier of EV maker VinFast

Danang Rubber JSC (DRC), a subsidiary of Vietnam’s state-owned chemical giant Vinachem, will develop a dedicated line of electric vehicle (EV) tires while rolling out products to support its new partnership with the country's leading EV manufacturer VinFast.

Economy - Sun, May 4, 2025 | 8:00 am GMT+7

Vietnam’s VN-Index world’s second-worst performer in Apr amid US tariff turmoil

Vietnam’s VN-Index world’s second-worst performer in Apr amid US tariff turmoil

Vietnam’s benchmark VN-Index dropped by more than 80 points, or 6.2%, in April, ranking as the second-worst performing stock index globally, according to data compiled by IndexQ.

Finance - Sat, May 3, 2025 | 6:48 pm GMT+7

American International School Vietnam chairwoman arrested for disrupting public order

American International School Vietnam chairwoman arrested for disrupting public order

Ho Chi Minh City police's investigative agency on Thursday initiated legal proceedings against and detained chairwoman of American International School Vietnam (AISVN) Nguyen Thi Ut Em for "disturbing public order.”

Companies - Sat, May 3, 2025 | 5:07 pm GMT+7

Nike, Adidas ask President Trump for tariff exemption over business shutdown concerns

Nike, Adidas ask President Trump for tariff exemption over business shutdown concerns

Major footwear and apparel brands, including Nike and Adidas which outsource a large portion of their output from Vietnam, are asking U.S. President Donald Trump for a tariff exemption due to concerns over looming cost surges and business shutdown.

Economy - Sat, May 3, 2025 | 1:12 pm GMT+7

Vietnam's Novaland wins lawsuit against Korean giant Taekwang Vina over HCMC project

Vietnam's Novaland wins lawsuit against Korean giant Taekwang Vina over HCMC project

Vietnam's leading developer Novaland has won a legal dispute with South Korea’s Taekwang Vina regarding a major real estate project in Thu Duc city, Ho Chi Minh City.

Companies - Sat, May 3, 2025 | 11:20 am GMT+7

Vietnamese approves two-year sandbox trial of P2P lending

Vietnamese approves two-year sandbox trial of P2P lending

Vietnam will roll out a two-year sandbox trial of peer-to-peer (P2P) lending, credit scoring, and data sharing via open application programming interfaces, starting July 1, according to a newly-issued government decree.

Banking & Finance - Sat, May 3, 2025 | 8:17 am GMT+7

Hyundai Vietnam joint venture to spend $100 mln on shipbuilding capacity expansion

Hyundai Vietnam joint venture to spend $100 mln on shipbuilding capacity expansion

Hyundai Vietnam Shipbuilding Co., Ltd. (HVS), a joint venture between South Korea and Vietnam, is set to invest an extra $100 million in expanding its shipbuilding capacity in Vietnam.

Industries - Fri, May 2, 2025 | 8:03 pm GMT+7

Vietnam's economic hub HCMC moves closer to establishing int’l financial center

Vietnam's economic hub HCMC moves closer to establishing int’l financial center

After more than two decades of planning, the vision of establishing an international financial center in Ho Chi Minh City is finally gaining real momentum as the Politburo has officially endorsed the proposal, drawing significant attention from investors.

Southeast Asia - Fri, May 2, 2025 | 6:04 pm GMT+7

Vietnam cuts LNG import tariff to boost clean energy transition

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on LNG from 5% to 2% under a decree issued on March 31, which marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.

Southeast Asia - Fri, May 2, 2025 | 3:26 pm GMT+7

Vietnam races against time to have EC’s 'yellow card' lifted before Sept 15

Vietnam races against time to have EC’s 'yellow card' lifted before Sept 15

Vietnam's Ministry of Agriculture and Environment has proposed Prime Minister Pham Minh Chinh issue an action plan to address the European Commission's (EC) “yellow card” warning and prepare for the fifth EC inspection.

Southeast Asia - Fri, May 2, 2025 | 3:21 pm GMT+7

Vietnam's property market sees mixed prospects in Q2: analysts

Vietnam's property market sees mixed prospects in Q2: analysts

Vietnam’s real estate market is expected to see positive developments in Q2, with developers launching new projects, but uncertainties from U.S. trade policies may influence market sentiment and consumer confidence, said analysts.

Real Estate - Fri, May 2, 2025 | 3:14 pm GMT+7

Vietnam’s largest container fleet operator records 478% profit growth in Q1 on surging shipping rates

Vietnam’s largest container fleet operator records 478% profit growth in Q1 on surging shipping rates

Vietnam’s Hai An Transport and Stevedoring JSC (HAH) reported after-tax profit of nearly VND274 billion ($10.54 million) in Q1/2025, skyrocketing 478% year-on-year, thanks to soaring shipping rates.

Companies - Fri, May 2, 2025 | 3:00 pm GMT+7

Vietnam's leading construction contractor Hoa Binh targets US market amid low domestic profit

Vietnam's leading construction contractor Hoa Binh targets US market amid low domestic profit

Hoa Binh Construction Group, one of Vietnam's top contractors, is negotiating a joint venture agreement with American partners to pave the way for implementing major projects in the U.S.

Companies - Fri, May 2, 2025 | 2:04 pm GMT+7

Northern Vietnam province Hai Duong to have first urban area-golf course complex

Northern Vietnam province Hai Duong to have first urban area-golf course complex

Hai Duong province's authorities have granted in-principle approval for the Lien Hong New Urban Area and Golf Course project, with a total investment of VND11 trillion ($423 million).

Real Estate - Fri, May 2, 2025 | 9:59 am GMT+7

Central Vietnam 'awakened' by major resort projects

Central Vietnam 'awakened' by major resort projects

From once-abandoned coastal lands to emerging resort-urban areas, central Vietnam is witnessing a strong resurgence of investment.

Real Estate - Fri, May 2, 2025 | 9:22 am GMT+7

Vietnam Airlines posts strong profit on international passenger surge, fuel price decline

Vietnam Airlines posts strong profit on international passenger surge, fuel price decline

National flag carrier Vietnam Airlines (HVN) said on Wednesday that it recorded consolidated pre-tax profit of around VND3.6 trillion ($138 million) on consolidated revenue of approximately VND31.1 trillion ($1.2 billion) in Q1/2025.

Companies - Fri, May 2, 2025 | 8:17 am GMT+7