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Asian Mineral Resources reports maiden profit

Asian Mineral Resources, the Toronto-listed firm operating the Ban Phuc nickel mine in Vietnam, has recorded a maiden net profit.

The company reported net income of C$6.5 million (US$5.4 million) and revenue of C$87.8 million for the 12 months to December 31, 2014, off an average realised nickel price of US$7.75/lb.