Tungsten Mining Company Masan High-Tech Materials Innovation Milestones Over Decade

In October 2020, to develop an integrated leading high-tech tungsten mining platform, Masan High-Tech Materials signed an agreement with Japan's Mitsubishi Materials Corporation to establish a strategic alliance. The deal validates Masan's transformation into a vertically integrated high-tech tungsten platform and asserts its position as a global producer of high-tech materials.

The Nui Phao polymetallic Tungsten mining, managed and operated by Masan, located in the Dai Tu District, has been identified as one of the largest tungsten mines in the world, with a government license allowing the mining and processing of a total resource of 83.22 million tonnes of tungsten polymetallic ore. Masan is one of the largest integrated industrial mineral and chemical producers in Vietnam.

Masan is also a significant global producer of fluorspar and bismuth. The company is a subsidiary of the Masan Group, one of Vietnam's leading companies, operating one of the leading growth portfolios and business lines in the Vietnamese economy.

The company's product lines are strategic and key elements of the global business supply chain, incorporating ongoing innovation in the semiconductor materials sector, 3D printing, robotics, electric vehicles, renewable energy, pharmaceuticals, aviation, and aerospace.

Masan is increasingly recognized nationally and internationally as a well-established mining and high-tech materials company. The company's sustainable practices in mineral extraction and refining activities, coupled with innovative recycling technologies, create advanced high-tech materials that serve key industries globally.

The company established its first high-tech research and development center in 2015. To optimize resources and improve product quality, the company continues to focus on advanced technological investments, skilled human resource training, and the production of high value-added products leading to high export values.

In 2017, Masan invested in two more high-tech processing lines, with a total investment of over US$9 million, including fluorspar flotation and high gravity tungsten recovery. At the time, these were the most advanced global production lines in the world.

In June 2020, the company completed the acquisition of H.C. Starck's tungsten operations and then changed its name from Masan Resources to Masan High-Tech Materials to reflect a commitment to global trading. The acquisition of H.C Starck provides Masan High-Tech with a state-of-the-art manufacturing center with production facilities in every major market region, such as NAFTA, the European Union, and the Asia Pacific, in Germany, Canada, and China.

At the same time, Masan High-Tech can leverage H.C. Starck's downstream technologies, including leaching technology using caustic soda and high reuse of chemicals, as well as ultra-clean refining technology and solvent extraction technology using chemicals to precipitate impurities, which can reduce environmentally generated wastewater.

By focusing on innovation, investing in research and development, and applying and mastering advanced technologies, Masan has gradually established its capabilities and position in the North American, European, and Asian markets.

"Innovation is integral to the ‘Go Global’ development strategy of the company, to demonstrate to the world that a Vietnamese company can lead the transformation of the global tungsten market by working closely with our customers to deliver local solutions developed globally. The success of Masan lies in the combination of a world-class research and development foundation and a team of dedicated and highly specialized engineers. Our products satisfy rigorous technical requirements, thereby meeting the ever-changing needs of customers, "said a representative of Masan High-Tech Materials.

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