AustSino

AustSino Resources Group, formerly Padbury Mining, is an Australian mining corporation. It was publicly listed on the Australian Securities Exchange until 2020.

AustSino Resources Group
FormerlyPadbury Mining
ASX: ANS
IndustryMining
HeadquartersWest Perth, Western Australia
Key people
Chun Ming Ding (Executive Chairman)
Michael Keemink (Executive Director)
Websitewww.aust-sino.com

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
  1. Official website: Company profile
  2. Padbury Mining's $6.4b financier raises questions Sydney Morning Herald 26 April 2014
  3. Padbury Mining abandons $6.5bn Oakajee port and rail project, The Australian 39 April 2014
  4. 'Padbury deal dead in water' The West Australian 1 May 2014 page 61
  5. Change of Company Name Padbury Mining 2 February 2017
  6. AustSino Resources Group Limited - Removal from Official List Australian Securities Exchange 7 December 2020
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