Xiamen Tungsten Co., Ltd. is principally engaged in the smelting, processing and distribution of tungsten, molybdenum and other non-ferrous metal products, as well as the property development business. The Company operates its businesses through production of non-ferrous metal products, property development and management, as well as development and distribution of new energy materials. The Company operates its businesses in domestic and overseasmarkets.

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Ferro-tungsten prices in Europe drifted down further on Wednesday March 6, as demand weakness pervaded the market.

Metal Bulletin’s in-warehouse Rotterdam quotation now stands at $39.50-39.90 per kg, down 10 cents on the top end, and market participants have suggested the price will slip still lower before the end of the first quarter. “I’ve spoken to a couple of traders and they mentioned $39-39.50 per kg.

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North American Tungsten Corporation Ltd. (TSXV:NTC) is ready to commence metallurgical testing and analysis of material from Tailing Pond 3. Since the 2011 and 2012 drilling and modeling program has been completed, the next phase of the tailings reprocessing plan is ready to begin.

As quoted in the press release:

The next phase in the tailings reprocessing plan will include baseline flotation test work plus locked cycle flotation tests to determine the feasibility of recovering a marketable concentrate. Magnetic separation, presently used in the production plant flowsheet, will also be evaluated. The program is expected to conclude with off-site testing of a bulk sample, providing necessary scale up information for commercial processing.

North American Tungsten Corporation Ltd. CEO, Stephen Leahy said:

A positive feasibility for the tailings reprocessing project will certainly make it a priority for the Cantung Mine as it has the potential to add significantly to not only our production but to our overall mine life resource.

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North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") is pleased to provide an update on its continuing underground diamond drill exploration program in the Amber Zone on its 100% owned Cantung tungsten mine in the Northwest Territories. Drifting toward this zone has commenced.

Stephen Leahy, CEO, stated: "We believe that this new Amber Zone will become an important integral component of our underground Life of Mine Plan at Cantung. We are very proud of the hard work and dedication of our Tungsten Team in the discovery and the definition drilling in the new Amber Zone."
Diamond Drilling was implemented to fill 450 ft. gap between high grade intercepts in drill holes U1943, U1936, and U1937, discussed in the NTC February 6th, 2012 news release, and holes U1978 to U1985, discussed in the NTC June 6th, 2012 news release. A total of 87 Diamond Drill Holes amounting to 25,000 ft. of drilling were completed. Many of the holes intersected one to three zones of mineralization. This recent phase of drilling verifies the continuity of the mineralization within the Amber Zone and the Central Flats over an area with an approximate strike length of 600 ft. and an approximate down dip length of 650 ft. In addition it opens up 800 ft. of strike length of potential mineralization to the east. Drilling is now commencing in the area of "Amber Zone East" to test the continuity of two areas. Drifting toward the Amber Zone West has commenced from 4 headings within the current mine workings.

Significant results from the drill program include 15 ft. averaging 4.27% WO3 (DDH - U2082), 22.7 ft. averaging 4.30% WO3 (DDH - US2083), 10.3 ft. averaging 3.60% WO3 (DDH - U2114) and 15.4 ft. averaging 2.44% WO3 (DDH - U2081). The table shown below provides the tungsten containing intervals and the estimated true widths for those intersections.

All drilling was completed from underground drill stations. All drill core was BQ and core recovery in the assay intervals was close to 100%. Sampling was based on lithology with a maximum individual sampled interval of 5 feet. The averaged assays shown in the table have a minimum bounding grade of 0.25% WO3.

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The £75 million engineering, procurement and construction contract will see GR Engineering develop and ultimately commission the 3 million-tonne-per-annum tungsten and tin processing plant in Devon

Shares in Wolf Minerals (LON:WLFE) jumped 11% in morning trade after it named GR Engineering as the firm which will develop the Hemerdon tungsten project in southwest England.

The £75 million engineering, procurement and construction contract will see GR Engineering develop and ultimately commission the 3 million-tonne-per-annum tungsten and tin processing plant in Devon.

The deal compares favourably with the estimate in the definitive feasibility study (DFS) estimate announced in May 2011, which allowed £77 million for the contract.

The term of the contract is two years, the firm said.

Wolf managing director Humphrey Hale said the company was very pleased to continue working with GR Engineering as it had established a good working relationship over the past three years.

"This is a major achievement for the project team as the EPC contract was tendered to the market and this result is in line with the Definitive Feasibility Study estimate announced in May 2011."Shares were lifted 11.11% to stand at 22.50p.

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According to the Machine Association statistics, the industrial output value of China's machine tool industry is 717.653 billion from January to November 2012, a year-on-year growth of 12.59%; The sales output value is 696.117 billion, a year-on-year growth of 12.34% and the sales rate is 96.99%.From 1 to 11 months, a significant downward trend in the overall machine tool industry sales value this year. Among them, the manufacture of cutting tools, metal cutting machine tool manufacturing industry growth rate fell magnitude larger proportion, a year-on-year growth rate fell 32.5% and 17.59% respectively. Machine tool industry export delivery value of 41.895 billion yuan, a year-on-year growth of 17.14 percent, down 1.86 percentage points compared with the same period last year.

View from the sub-sectors, including the manufacture of metal-cutting machine tools, metal forming machine tool manufacturing industry growth to varying degrees of growth; growth rate of the other sub-sectors have declined, other metal processing machinery manufacturing industry decline by dropped to 18.45% from 44.86%, down 26.41 percent; followed by wood processing machinery manufacturing industry, a larger decline, down 25.89 percent. November 7 products in the machine tool industry, the overall downward trend, CNC metal cutting machine tools the largest decline, down 43.59 percent.

The machine tool industry is one of the important areas of application of the tungsten industry, carbide cutting tools plays an important share in the metal-cutting machine tools, machine tool industry bring good is expected to pick up, the demand for carbide, which is 2013 tungsten City is expected to pick up a flag.

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According to the statistics released by the Association of China Machine Tool, , China machine tool industry achieved a total output value of 717.653 billion yuan, from January to December in 2012, increased by 12.59% on year-on-year basis. The total sales value reached 696.117 billion yuan, rose by 12.34%, the sales-output ratio was 96.99%. A big drop in the increase of sales volume of machine tool industry was obvious, during the time from January to December. Among which, the growth rate of cutting tool manufacturing and metal-cutting machine tool manufacturing drop tremendously, the growth rates fell 32.5% and 17.59% respectively. The exporting value of machine tool was 41.895 billion yuan in 2012 , increased by 17.14% compared with that of last year.

Machine tool industry is one of the application fields of tungsten industry, where tungsten carbide cutting-tool and metal-cutting machine tool account for a big part. The rebound of machine tool industry brings good news to tungsten carbide, the rebound meanwhile indicates the recovery of tungsten industry.

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Waste tungsten prices keep stable and to rise. Currently, the transaction price domestic waste tungsten blade that excluding tax are concentrated in the 168-171yuan / kg in the mainstream,imported blades are 178-181yuan / kg, scrap tungsten drill are 187-191yuan/kg and scrap pure tungsten blocks are 208-210yuan / kg. The mainstream transaction price of scrap tungsten grinding material W that above 70 content is 1.76yuan / degree, raised by 0.03; 50-70 content is 1.66 yuan / degree and up 0.03; 30-50 content is 1.5yuan / degree and up 0.07.

Driven institutions guide price hike, tungsten City rose atmosphere is heating up again. Waste the tungsten materials businesses offer has been raised, turnover improved slightly, scrap the tungsten steel market showed no significant improvement, but the relatively good business mentality, short-term waste tungsten market is expected to continue stable and inflation trend.

International market, overseas mixed tungsten City, the. The evening of the 6th MB Ferrotungsten offer 39.5-40 dollars / kg tungsten, down $ 0.1; the ammonium paratungstate quotes 319.375-342.125USD/metric ton, up 27-39 dollars; flat.

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Affected by the guide price most enterprises in Ganzhou has raised its foreign offer of APT and tungsten powder.But the downstream procurement is still in digestive process.

The APT guide price of Ganzhou Tungsten Industry Association is 19 million  / ton.The offer of Jiangxi Yaosheng has been raised to 18 million / ton this week. The pre-market mainstream price is 17.3-17.7million/ ton and following with the guidance price increases the offer range has been expanded to 17.3-19 million /  ton. However the downstream procurement does not yet fully accepted and the APT market trade is light.

Ganzhou Tungsten Industry Association’s tungsten powder guide price is 295 yuan / kg,the Jiangxi Yaosheng’s has been raised to 285 yuan / kg, Chongyi Zhangyuan being maintained at 275-279 yuan / kg and may be up-regulated this week.

Because of the pressure of demand,wether the tungsten price will continue to rise or not is still uncertain.The current offer range is constantly expanding and market sentiment is strong.How the trend of later period will be is affected by the ore price and consumer demand.

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Buy the bullion physical gold assets should be preserved the way many consumers keen nowadays, around the Spring Festival is also physical gold sales season. But in some places, the reporter interviews found that the gold market is adulterated phenomenon exists, specific performance doped iridium or tungsten gold bars, gold rust spots, erythema chaos, should be vigilant to guard against fraud.

Before the Spring Festival, the reporter went to the Zhongshan Road, Shenyang City, Liaoning Province, a company engaged in the processing of gold and silver jewelry, repurchase, the TM jindian, found gold material, regardless of processing or recycling, are very cautious. The customer sent rings, necklaces or gold bars on a good price, the store owner will be the amount of volume, weighed, and then a little cut look internally. "This market is quite a mess, businesses also have to pay attention to." The store owner said.

Beijing gold trading center in Shenyang business department staff confirmed, including Shenyang, including some of the cities of the gold market, the phenomenon of adulteration. "Specializing in the the gold the adulteration work of people, about 20% of the metal iridium or tungsten mixed with gold jewelry or bullion, this 'synthesis of gold' internal core is iridium or tungsten, wrapped in a layer of gold, because Iridium, the density of tungsten with gold or less, and are difficult to distinguish from the appearance and feel. "he told reporters, this behavior is often precious metals recovery counterparts due to malicious competition.

It is reported that, in the processing of gold jewelry, some shops will be trying to achieve the purpose of "swallowing gold". Gold afraid of fire, fears a water-soluble, "with concentrated nitric acid and concentrated hydrochloric acid in accordance with a certain proportion dubbed a chemical solution that is commonly known as 'aqua regia' to dissolve the gold." Cleaning gold link, simply goldsmiths put this solution out Original the goldsmiths will "shrink", and then after the gold extract. "Swallow" out of the gold will eventually businesses resale profit.

The Liaoning provincial associations activist media commissioner revealed that most of the gold sales in the mall marked the content, regular jewelers gold jewelry are marked with a name and with a certificate of authenticity, qualified are hung in conformity inspection mark. He reminded consumers professionalism required in the purchase physical gold is relatively strong, the consumer wants to buy rest assured that gold must to regular shopping malls, stores, banks and gold trading center, and ask for identification certificate or inspection certificate and invoice, consumers like to buy physical gold fineness doubt, to the relevant professional appraisal department consulting. In addition, if you are cleaning or processing of gold jewelry, try to choose a high degree of credibility goldsmiths processing shop to get the finished product, the best professional jewelers weighing and identification fineness.


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