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
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
- ^ 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