Background

AsiaPhos is the first mineral resources company to be listed on SGX-ST which is solely focused on exploring and mining phosphate in China, with the ability to manufacture and produce phosphate-based chemical products.

Business

AsiaPhos owns mining and exploration rights to explore and mine phosphate in Sichuan Province, China. The company has 2 mines, located about 40km northwest of the New Gongxing Site, which are producing phosphate rocks. AsiaPhos sells the phosphate rocks obtained from their mines to customers only in China. AsiaPhos may also retain a portion of the phosphate rocks for their chemical production operations where they can later sell phosphatebased chemical products to customers in both China and overseas. Phosphorus, phosphates and phosphate-based chemical products are used in the manufacturing processes for numerous products such as fertilisers, explosives, batteries and detergents.