Hazelwood buys into Vietnam plant

HAZELWOOD Resources has snapped up a 60% stake in Hong Kong-based Asian Tungsten Products Company which is developing a ferrotungsten downstream processing plant in Vietnam.

Hazelwood buys into Vietnam plant Hazelwood buys into Vietnam plant Hazelwood buys into Vietnam plant Hazelwood buys into Vietnam plant Hazelwood buys into Vietnam plant

Hazelwood will pay $US825,000 ($A906,000) to acquire the majority stake and will fund 60% of the capital expenditure for the plant as well as providing working capital.