AustSino
| Formerly | Padbury Mining |
|---|---|
| ASX: ANS | |
| Industry | Mining |
| Headquarters | West Perth, Western Australia |
Key people | Chun Ming Ding (Executive Chairman) Michael Keemink (Executive Director) |
| Website | www.aust-sino.com |
AustSino Resources Group, formerly Padbury Mining, is an Australian mining corporation. It was publicly listed on the Australian Securities Exchange until 2020.
Overview
[edit]It has 2000 km2 of tenements in the Mid West part of Western Australia.[1] It has explored Peak Hill, Western Australia, where magnetite was found in 2011.[1]
In April 2014, reached an agreement with businessman Roland Bleyer to fund a port and railway project in Oakajee.[2][3] However, due to disparaging press coverage of Bleyer's past business dealings, the project was put on hold.[4] Moreover, the company stopped trading on 11 April 2014 after failing to meet the demands from the Australian Securities Exchange.[4] Bleyer criticised this decision, adding the project would have "created jobs for the working man that needs to feed his family."[4]
In February 2017, Padbury Mining was renamed AustSino Resources Group.[5] In December 2020, it was delisted from the Australian Securities Exchange.[6]
References
[edit]- ^ a b Official website: Company profile
- ^ Padbury Mining's $6.4b financier raises questions Sydney Morning Herald 26 April 2014
- ^ Padbury Mining abandons $6.5bn Oakajee port and rail project, The Australian 39 April 2014
- ^ a b c 'Padbury deal dead in water' The West Australian 1 May 2014 page 61
- ^ Change of Company Name Padbury Mining 2 February 2017
- ^ AustSino Resources Group Limited - Removal from Official List Australian Securities Exchange 7 December 2020