Promote development of Nui Phao Project.

Nui Phao Project’s basis mine design
approved by MOIT.

Receive Investment Certificate No.41122000131.

Commence commercial production of Acid Grade Fluorspar, Tungsten, Copper and Bismuth concentrate.
Establish NuiPhao – H.C. Starck Tungsten Manufacturing LLC (NHTCM) in Vietnam. 

Achieve design capacity and successfully commission the NHTCM Tungsten Chemical facility.
Listed on Hanoi’s UPCOM exchange. 

Ranked as premium on UPCOM. Complete the tender offer for the Company’s shares, increasing its ownership to 93.78%.

Upgrades to the tungsten circuit increased tungsten recovery to 67%. Commence procuring third party tungsten raw materials for processing in the NHTCM factory. 

Acquire H.C. Starck GmbH’s 49% stake in NHTCM for total cash consideration of USD29.1 million and renamed NHTCM as Masan Tungsten Limited Liability Company (“MTC”).

Purchase the tungsten business of H.C. Starck Group GmbH – a world leading manufacturer of high-tech tungsten metal powders and carbides in the world. The Ministry of Science and Technology issued “High-Tech Enterprise Certificate” to MTC.

Complete the acquisition of H.C. Starck GmbH’s global Tungsten business. Change name to Masan High-Tech Materials Corporation (MHT).  Complete a private placement of 10% shares to Mitsubishi Materials Corporation (“MMC”).