or AMVI was formally organised on August 11, 2011 primarily for mining and mineral processing operations in the Philippines. It is the collaboration of the Atro Group, represented by Safwan Sobhan and Adam Green and Greater Asia Holdings, Inc, led by Elson S. Ogario. Atro Mining-Vitali, Inc. is a subsidiary of Atro International (FZE), Dubai, UAE which is the investment and trading arm of its moth
er company, Bashundara Group of Companies (www.bashundaragroup.com), based in Bangladesh. Bashundara Group has investments in Bangladesh ranging from manufacturing (cement, steel mill, LPG gas, foods and beverages, paper mill, shipbuilding, construction, media, oil refinery, agriculture, garments, real estate development (commercial malls, commercial and residential buildings, hospitals, convention center, schools, coal mines, etc.), etc. ATRO Group is engaged in trading and has worldwide networks and has already investments in several countries such as US, Europe and Asia. The group’s shipping company, ATRO SHIPPING PTE. LTD., is based in Singapore. The company was granted its Partial Declaration of Mining Project Feasibility (DMPF) last March 4, 2014 for its Vitali Iron Ore Mining Project located at Vitali, Zamboanga City under MPSA No. 237-2007-IX covering an area of 2,000 hectares, more or less. Hence, presently, the Company is now into mines development and some commercial productions of DSO to generate cash flow. It has commenced the construction and installation of its magnetic circuit plant at the mine site. The company has made its first delivery of iron ore last January 2015 to Shandong, China. But unfortunately, wasn’t able to make the 2nd delivery then though the company still has around 25,000 mt of stockpiles, as prices of iron ore in February went unreasonably low and the company opted to wait and see. As prices of iron ore in the international market kept on spiralling downward to a level no longer profitable, the company was forced to declare our Vitali Mines operations under Care and Maintenance sometime in May, 2015. Hence, since then the operations was under Care and Maintenance, until June, 2019 when the company again saw some prospects of iron ore price improvements to a level of profitability. Hence, the company decided to lift its Care and Maintenance status and started rehabilitating the mine, the mine roads and haul roads, the siltation ponds, etc. and other environmental structures, the port and staff houses left ravished and devastated by thieves. The company made its 2nd shipment in August 2019 and hoping to make the next shipments after the ECQ will be lifted by the government.
