Welcome!

News Feed Item

Tri-Star Resources plc: Antimony Technical Collaboration in Myanmar

- Tri-Star enters Collaboration Agreement with RDP Singapore on Myanmar antimony projects

LONDON, UNITED KINGDOM -- (Marketwire) -- 08/08/12 -- Tri-Star (AIM:TSTR), the integrated antimony exploration and development company, has entered into an agreement with RDP Singapore Limited ("RDPS") (the "Collaboration Agreement") under which, Tri-Star will provide technical collaboration and advice to RDPS in relation to its Myanmar antimony projects, which include exploration rights surrounding two existing producing deposits and any additional antimony projects identified in Myanmar by either Tri-Star or RDPS (the "Antimony Projects"). RDPS is a subsidiary of Resource Development Partners Limited ("RDP"), the London based mining finance house specializing in natural resource investments.

The first stage of the Collaboration Agreement will involve Tri-Star providing technical expertise to RDPS and performing a series of geological and metallurgical assessments at the Antimony Projects. Following the completion of the initial assessment work, the board of directors of Tri-Star (the "Board") will make a decision regarding any further collaboration with RDPS. The Board expects this initial work to be completed within 6 to 12 months and subject to the results of the assessments the Board will consider further investment in the Antimony Projects and seek to negotiate an exclusive off-take arrangement with RDPS.

RDPS is a private holding company incorporated in Singapore, which invests in the Myanmar mining industry, in addition to other sectors. The principals, James Hyndes and Christian West, have regional investment and mining experience, and are supported by a strong board with members based both in South East Asia and Myanmar. RDPS has identified two operating antimony mines in Myanmar and will focus on expanding the surrounding prospective areas over which it owns the exploration rights. RDPS is engaged in seeking other projects of merit and its strategy is to develop strong local relationships in key commodity sectors.

Commenting on the Collaboration Agreement, Emin Eyi, Managing Director of Tri-Star Resources, said:

"The experience RDPS has, together with the strength of its relationships locally, means the company is very well positioned to develop opportunities in Myanmar and we look forward to utilising our geological and metallurgical skills in assisting them, and in turn the Myanmar resource industry, to improve standards and enhance exploration and production potential. Importantly, we are encouraged by the possible sourcing of raw materials which can potentially be processed at Tri-Star's proposed UAE roaster facilities in the future."

Myanmar opportunity

Myanmar has a very rich mineral record but is relatively underexplored. The geology of the region has the potential to host world class metal deposits. Located between the Cathy (Asian) and Indian plates the large continental sutures and faults such as the Shan Boundary Fault control a large number of mineral formations. Metal deposits in Myanmar include antimony, tin, lead, zinc, copper, precious metals and industrial minerals. There are over 30 known antimony occurrences recorded in the Country. Many of the antimony deposits are associated with tungsten and gold.

Myanmar is estimated to have produced over 14,000 tonnes of antimony in ore form in 2011, sold almost entirely overseas. It is one of the largest single country sources of antimony raw material for Chinese facilities.

About RDP & RDPS

RDP is a London based mining finance house specialising in early stage investments in the natural resource sector. RDP provides support services, seed financing and direct investment to a number of companies, including companies exploring and or producing in the Philippines, Guinea, Kazakhstan and, via RDPS, in Myanmar.

RDPS is a special purpose Singaporean company established by RDP and its Singaporean director James Hyndes, specifically to invest in Myanmar based opportunities. RDPS has signed letters of intent and joint venture contracts in relation to projects in the mining and natural resources sectors, as well as manufacturing and property sectors. It has offices in Singapore and is in the process of staffing and establishing a Yangon based office.

About Tri-Star Resources

Tri-Star Resources is a focused antimony company whose management has many years experience in trading and mining this critical mineral. The Company objective is to become the leading integrated antimony metal and products manufacturer to western economy consumers utilizing a new technical and environmentally advanced 20,000 tonnes per annum name plate capacity metal and tri-oxide production facility in the UAE, with raw material supplied from its upstream resource projects in Turkey & Canada and from third party producers.

Further information is available at www.tri-starresources.com.

Contacts:
Tri-Star Resources plc
Emin Eyi
Managing Director
+44 (0) 20 3463 2270

Tri-Star Resources plc
Brian Spratley
Technical Director
+44 (0) 12 3362 9351

Gable Communications
Justine James
+44 (0) 7525 324431

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.