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AsiaPhos Ltd (SGX: 5WV)

  • AsiaPhos is a Singapore-headquartered mineral resources company that is engaged in mining phosphate in Sichuan PRC and producing phosphate-related chemicals. In July 2015, it announced the completion of a significant acquisition (LY Resources, ‘LYR’) from its existing cooperation partner. The acquisition of LYR is expected to (a) immediately improve the company’s cash flows from its 2 existing mines (via removal of a profit share agreement), and (b) to drive long-term growth from a neighbouring third mining exploration area (‘Fengtai’) which is approximately 18 sq.km, almost 5x the combined size of its existing 2 mines. 
     
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