WCA July 2007

Industry News

Borouge plans for growth with new marketing office in Singapore Borouge, a provider of plastics solutions in the Middle East, Asia Pacific and Africa, has moved its Singapore marketing company headquarters to a prestigious new location in the heart of the city, from April. The opening of the new, larger office reflects the continued growth of the company’s production and sales activities in the region and the Middle East. The marketing company’s annual turnover exceeded US$1 billion in 2006. The high specification office, located in Singapore’s central business district, has an area of 30,000ft 2 – three times the size of the old office – and will eventually house up to 75 employees. provides leadership to its sales offices and distributor network in 18 countries across Asia Pacific and the Middle East, as well as business manage- ment, strategic development, human resource, customer service, regional The Singapore office

sales for Asia Pacific, technical service and finance support. The location was chosen for its strategic geographic position, excellent infrastructure and strong global trading links. As part of the company’s strategic growth plans, the expansion of the Singapore office will provide the staffing and infrastructure resources required to support additional capacity coming online from Borouge 2, Borouge’s multi- billion dollar expansion project at its production site in Ruwais, in Abu Dhabi, United Arab Emirates. This project is set to triple the company’s production capacity of polymers made using Borstar ® technology to 2 million tons per annum by 2010. Borouge, through its parent company Borealis, has a history with Singapore which spans 15 years. The company first opened its Singapore headquarters in 1998, in Alexandra Technopark with around 10 staff. Today, the organisation has 55 staff, representing more than 10 nationalities.

Striking it rich! Eurasia Mining has made a new platinum group metals discovery on its licence at Volchetundra in North West Russia, where the first US $10m of exploration is funded by Anglo Platinum. A drill hole on the northern half of the licence area intersected several zones of platinum mineralisation, with grades between 1.9 and 11 grams per ton of platinum and palladium. Volchetundra, near the city of Monchegorsk on Russia’s Kola Peninsula, is one of three licences held within the Eurasia/Anglo Platinum joint venture in the region. Initial appraisal work is also underway on the other licences, Monchetundra and West Imandra.

Eurasia Mining Plc – UK Fax : +44 207 493 8858

Borouge – Singapore Email : info@borouge.com Website : www.borouge.com

Email : schaff@eurasia-mining.plc.uk Website : www.eurasiamining.co.uk

Wire & Cable ASIA – July/August 2007