Vanguard Mining in Strategic Alliance With Vietnamese Company to Provide Granite and Other Construction Materials to Singapore
(firmenpresse) - NEW YORK, NY and JAKARTA, INDONESIA -- (Marketwired) -- 01/22/15 -- Vanguard Mining Corporation (OTC PINK: VNMC) (NASDAQ: VNMC) today announced that the Company has partnered with 20-7 Joint Stock Company in Vietnam to provide granite and other construction materials to both the Vietnamese domestic and export markets, especially Singapore.
According to the business cooperation agreement, VNMC agrees to invest in 20-7 JSC to develop, mine, process and sell granite and other construction materials and will be responsible for dealing with the export markets.
Established in 2003, 20-7 JSC is engaged in civil engineering, railway and road construction, and mining and processing of granite as well as other construction materials.
VNMC has recently engaged PT Yudha Bahkti Menggala, an Indonesian logistics company, as a partner for logistics and sea transportation to handle shipment of construction sand, reclamation sand and other construction aggregates for the Singaporean construction market.
Jalani Haniffa, President of VNMC, stated, "We are delighted to cooperate with 20-7 Joint Stock Company to provide granite and other construction aggregates to both the Vietnamese domestic and Singapore construction markets. We believe this strategic alliance will substantially benefit shareholders of both companies."
Hoang Liem, Chairman and General Director of 20-7 JSC, concurred, "Our cooperation with VNMC will undoubtedly strengthen our capabilities and enhance our operating efficiency, thus creating additional advantage for us in the export markets."
Founded in 1987, Vanguard Mining Corporation, a Nevada corporation, is building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone, gypsum, granite and sand. Website:
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Vanguard Mining Corp.
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Datum: 22.01.2015 - 11:00 Uhr
Sprache: Deutsch
News-ID 366164
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Mining & Metals
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