Downstream customers inactive in purchasing APT in China.

According to the ammonium paratungstate market (APT  market) participants in China, the ammonium paratungstate prices(APT prices) are stable this week, and the APT market runs slowly.

Currently, both of the APT suppliers and buyers hold wait-and-see attitudes and are inactive in concluding deals in the spot market. An end-user based in South China noted that they receive offers for APT at RMB224,000-226,000 per ton.

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

HC Starck has signed a tungsten chemical joint venture agreement with Nui Phao Mining Company, both parties announced on Monday July 29.

The joint venture project will process tungsten concentrate produced by Nui Phao into tungsten chemicals including ammonium paratungstate and blue tungsten oxide.

The project will have capacity for 6,500 tpy of tungsten trioxide. Nui Phao, a subsidiary of Vietnam’s Masan Group, will own 51% of the venture and HC Starck.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Vancouver, British Columbia - Happy Creek Minerals Ltd. is pleased to announce that drilling is underway on its 100% owned, 165 square kilometre Fox tungsten property. The Fox property is located approximately 75 km northeast of 100 Mile House, in the south-central Cariboo region of British Columbia, Canada.

Drilling on the Fox property is planned to consist of approximately 1,200 metres in 12 to 15 holes. Most holes are planned to be relatively short in length due to the near-surface position and near-horizontal orientation of the main mineralized zone, however a number of holes will test for additional mineralized horizons. Mapping between and beyond the known zones will be performed to provide a wider geological perspective of the area.

On the Fox property, positive values of tungsten occur in rock, stream sediment, soil and drill core in a 10 km by 3 km area. On the east side of Deception mountain, four outcropping mineralized zones are named from south to north the 708, BN, RC (Ridley Creek) and BK prospects. These prospects span a distance of three kilometres. Surface chip sampling and drilling have returned positive tungsten (W03- tungsten trioxide) grade and thickness that are near surface in an open-pit setting.

Drill highlights from 2011 and 2012 at the RC prospect include 7.35 metres of 1.22% tungsten (W03), 19.4 metres of 0.82% tungsten, 11.0 metres of 0.80% tungsten, 20.0 metres of 0.63% tungsten and 24.7 metres of 0.68% tungsten. One kilometer to the south at the BN prospect, F12-27 returned three intervals: 4.1 metres of 1.78% tungsten, 14.8 metres of 4.0% tungsten and 24.0 metres of 0.79% tungsten including 5.8 metres of 2.01% tungsten (Refer to Press Release dated November 19, 2012). Geological mapping and results from drilling in three areas indicate the main calc silicate/skarn unit hosting variable concentrations of tungsten is around 25-40 metres in thickness and approximately two kilometres by over one km in dimension. Results from F12-27 suggest multiple (stacked) mineralized zones occur.

A positive feature of the mineralized skarn zone is its potential to host very high grades: results include 0.40 metres of 9.60% tungsten, 3.64% zinc and 19.20 g/t indium (DDH F11-07). A grade of 0.7% tungsten contains 7.0 kg W03 per tonne of rock, and tungsten APT prices have recently risen to around $40/kg W03. Indium is a rare metal used in liquid crystal and touch screens and prices have also risen to over US$550/kg ($5.50/gram).

Tungsten is regarded as a strategic and critical metal for industrialized countries. According to U.S. Geological Survey statistics, an apparent US$ 1 billion of tungsten was consumed in the U.S. during 2012. Over 50% is used in cemented tungsten carbide for making cutting tools for the construction, metalworking, mining, oil and gas drilling industries. The balance is used for heavy alloys in applications requiring high density such as electrodes, filaments, wires, and other components for electronic, heating, lighting, welding, steels, super-alloys, wear-resistant alloys and chemicals for various applications.

The Fox property is thought to be a unique and attractive new discovery in the global tungsten sector.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Sweden’s Sandvik AB reported that the business climate of cemented carbide cutting tools during the second quarter of 2013 remained largely unchanged for most of the company’s customer segments and regions. The demand in Europe improved somewhat compared with the preceding quarter, partly driven by the positive performance in Russia. North America remained stable at a high level whilst demand in South America was said to be varied.

Total invoiced group sales for the 2nd quarter to end of June 2013 amounted to SEK 23,043 million, down 6% on the same period in 2012. Invoiced sales for the first half of 2013 amounted to SEK 45,142 million, down 5% in fixed exchange rates for comparable units. Operating profit was reported as SEK 5,518 million (SEK 8,031 million in same period in 2012), with a margin of 12.2% of invoiced sales.

Market activity for Sandvik Machining Solutions, the largest segment in the group, which includes production of cemented carbide cutting tools, remained largely on par with the 1st quarter. This segment contributed SEK 14,258 million in sales, down 3%, in the January to June period, whilst Sandvik Materials Technology reported invoiced sales of SEK 7,738 million.

Sandvik Venture, which includes superhard and hard materials based on cemented carbide cutting tools, cubic boron nitride, and synthetic diamond, as well as tungsten and tungsten carbide powder producer Wolfram, reported invoiced sales of SEK 2,603 million – up 4% on the 1st quarter but down 10% on the same period in 2012.

It was decided in the 2nd quarter to form a new product area within the Sandvik Venture segment combining Diamond Innovations and Sandvik Hard Materials. The new product area will have approximately 1,800 employees and will bring together resources within R&D, sales and marketing for superhard and hard materials.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Black Fire Minerals has reached an agreement with Pacific Gold Corporation to accelerate the transfer of the title to the Pilot Mountain Tungsten Copper project in Nevada by paying an initial US$350,000.

This will give Black Fire full title to the mineral claims covering the tungsten copper project, which has a JORC Resource of 6.79 million tonnes at 0.31% WO3, 22.8 grams per tonne silver and 0.17% copper.

The company has also agreed to pay PGC a further US$850,000 by 31 March 2014 to retain title to the claims.

Under the original agreement, Black Fire could only achieve title once it had paid all outstanding options totalling US$1.5 million by September 2015.

Black Fire is keen about the future prospects at Pilot Mountain as tungsten prices have risen about 25% to about US$410 per tonne in the calendar year to date.

Pilot Mountain is located about 250 kilometres southeast of Reno, Nevada. It is well served by nearby infrastructure, including sealed roads, nearby towns and mains power lines.

Besides the JORC Resource, the company’s drilling and compilations of historic data has also identified an Exploration Target of 10.8Mt to 12.5MT at between 032% and 0.35% WO3.

This reflects opportunities at the Garnet, Gunmetal and Good Hope prospects where historical drilling intersections require follow-up.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Wolf wants to begin mining by the end of 2014 and expects the site at Hemerdon to be the "world's next major tungsten mining operation".

It is believed to be the fourth largest tungsten resource in the world and the company hopes to produce about 3,000 tonnes of tungsten and tin a year.

A £75m contract to build the new mine plant is also beginning. Mining was carried out there between 1919 and 1920 and again from 1934 to 1944, when production ceased.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

An Australian firm is pressing ahead with its plan to develop a tungsten mine near Plymouth. Wolf Minerals has received the first part of a £52m funding package, which was signed off last month.

It means the long-delayed purchase of 15 homes around the mine site can proceed. Tungsten, which is used the production of alloys and steels as well as armaments, light bulbs and as ballast for racing cars, was discovered at Hemerdon in 1867.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Carbine Tungsten's aim of becoming one of the leading western producers of tungsten concentrate will be achieved through its Tailings Retreatment Project .

Which commenced production in 2012 along with the re-awakening of the Hard Rock open-cut mine which is scheduled to commence production in 2014. 

Carbine Tungsten's strategy is to focus on tungsten production, and with the exception of its tin prospects at Mt Carbine and Tara (NSW) is in the process of joint venturing or selling its other prospects.

Carbine Tungsten's gold prospects have been spun out into a company called Gossan Hill Gold Limited which is currently 100% owned by Carbine Tungsten.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

North American Tungsten Corporation  is pleased to announce that it has received TSX Venture Exchange approval for the issuance of an aggregate 5,000,000 common share purchase warrants .

To two directors in connection with the previously announced extension of the Company's CAD$12,000,000 working capital loan facility .

Each Warrant is exercisable for one common share of the Company at an exercise price of $0.20 per common share. The Warrants will expire on June 30, 2014.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Breakaway Research released an updated commissioned research report covering Wolf Minerals Limited  and the development underway at its Hemerdon tungsten project in England.

The DFS indicated a project NPV of £74M (A$ 122M or A$0.62/share) and assumed an APT price of US$360/mtu and a tin price of US$30,000/t.

Cash costs (after tin credits) were estimated at US$105/mtu. Current APT and tin pricing is US$417/mtu and US$21,000/t respectively.

Based on commodity price sensitivity analysis, Breakaway estimates a current NPV range of between £100-£110M (A$0.84-$0.92/share).
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com