Vietnam mining firm Nui Phao appoints new general director
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.
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.
- Related News
- Read More
Vietnam inflation hits 3.63% in 2024, below government target
Vietnam's consumer price index (CPI), an indicator of inflation, rose 3.63% in 2024, below the government's target of 4-4.5%.
Economy - Tue, January 7, 2025 | 5:19 pm GMT+7
Thailand IP developer WHA targets to raise investment in Vietnam to $1 bln
Thailand’s top industrial park (IP) developer WHA has invested $310 million in Vietnam since 2017 and aims to raise the figure to $1 billion.
Industrial real estate - Tue, January 7, 2025 | 4:23 pm GMT+7
SHS Securities launches new product package with highly attractive margin loan interest rate
Saigon-Hanoi Securities JSC (SHS) on Monday launched a new product package called SH69, offering outstanding promotions to new customers and those resuming trading.
Companies - Tue, January 7, 2025 | 3:04 pm GMT+7
Northern Vietnam province urges VSIP to build high-tech park
Ha Nam province authorities have called on VSIP, the developer of Vietnam-Singapore Industrial Park (VSIP) facilities, to study and build a high-tech park.
Industrial real estate - Tue, January 7, 2025 | 2:41 pm GMT+7
Vietnam’s 2024 unemployment rate inches down to 2.24%
Vietnam’s unemployment rate was 2.24% in 2024, down 0.04 percentage points from 2023, according to the General Statistics Office (GSO).
Society - Tue, January 7, 2025 | 1:38 pm GMT+7
Vietnam fresh porridge from famous ST25 rice exported to US
A container of 60,000 packages of AK Food's Cay Thi porridge has been exported to the U.S., which marks the second batch of fresh porridge made from well-known ST25 rice to successfully enter this market.
Companies - Tue, January 7, 2025 | 1:10 pm GMT+7
Vietnam's industrial production grows 8.4% in 2024, highest in 5 years
Vietnam’s index of industrial production (IIP) grew 8.4% year-on-year in 2024, extending the recovery after a similar growth of 8.4% in the first 11 months.
Economy - Tue, January 7, 2025 | 11:48 am GMT+7
Vietnam reaches 2024 foreign tourist goal with record-high December arrivals
Vietnam welcomed 1.75 million foreign tourists in December last year, marking a 27.4% year-on-year increase and the highest monthly of 2024.
Travel - Tue, January 7, 2025 | 10:21 am GMT+7
Digital transformation to be rolled out in Vietnam textbook production: publisher
Digital transformation will be implemented in textbook publishing and management, said Assoc. Prof. Dr. Nguyen Van Tung, deputy editor-in-chief of the Vietnam Education Publishing House (VEPH).
Companies - Tue, January 7, 2025 | 9:49 am GMT+7
Securities accounts in Vietnam hit 9.3 mln, 99% owned by locals
Nearly 9.3 million securities trading accounts had been opened in Vietnam as of end-2024, of which 9.2 million belonged to Vietnamese individuals.
Finance - Tue, January 7, 2025 | 8:22 am GMT+7
Newly discovered lava cave enhances Dak Nong on world heritage map
A newly discovered lava cave in the Central Highlands province of Dak Nong has firmly demonstrated the province's position on the world geological heritage map, say experts.
Travel - Mon, January 6, 2025 | 10:37 pm GMT+7
Pyn Elite expands holdings in Vietnamese market
Finnish investment fund Pyn Elite has acquired 2 million DBC shares of agricultural firm Dabaco Group JSC, raising its holding to 21.4 million shares, or 6.4%.
Finance - Mon, January 6, 2025 | 9:23 pm GMT+7
Malaysia achieves impressive economic milestones in 2024
Malaysia recorded over MYR2.62 trillion ($595 billion) in trade from January to November last year, an 8.7% increase year-on-year, according to Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Southeast Asia - Mon, January 6, 2025 | 7:53 pm GMT+7
Indonesia aims to end diesel imports by 2026
The Indonesian government is preparing to implement the mandatory 50% biodiesel (B50) program in 2026 to stop diesel imports, according to Minister of Energy and Mineral Resources Bahlil Lahadalia.
Southeast Asia - Mon, January 6, 2025 | 7:51 pm GMT+7
Singapore sees rise in sham marriages
Singapore saw a sharp increase in sham marriages or marriages of convenience in 2024, according to the Southeast Asian country's Immigration and Checkpoints Authority (ICA).
Southeast Asia - Mon, January 6, 2025 | 7:46 pm GMT+7
Vietnam increases power sources to 82,400 MW in 2024: state utility EVN
Vietnam had increased its power sources by 1,500 MW to 82,400 MW as of end-2024, state utility Vietnam Electricity said at a 2024 reviewing event on Monday.
Economy - Mon, January 6, 2025 | 5:28 pm GMT+7
