Tungsten Carbide branch of the China Tungsten Industry Association predicted that by 2015, China carbide production will reach 30,000 tons, according to tungsten carbide industry consumption accounted weighted calculation; the carbide industry consumption of tungsten will keep 10 % growth. 

According to the “12th Five-Year Plan” of the steel industry, to 2015 , special steel production accounts for a total steel output accounted for from the current 5% to 10% , weighted according to the proportion of tungsten consumption of steel industry , special steel industry tungsten consumption growth is maintained at between 7 % and 8 % . We assume that the consumption growth of the rolled products industry and other industries tungsten’s 0, according to the proportion of each downstream industry weighted, we calculate that the tungsten demand will maintain a 7.5% growth in the future.

Price: supply smooth contraction and steady growth in demand support the price of tungsten upward.

By the above analysis, in the next few years, the supply of tungsten is decreasing by about 1% and the demand is increasing by 7.5%per year, the supply contraction and demand addition supporting the tungsten price for a long-term upward. Taking into account the integration with the the Minmetals Group of tungsten industry in recent years, the tungsten industry concentration continuo improvement of, higher industry concentration makes Chinese tungsten industry has the ability to appropriate adjustments to supply downstream demand conditions , tungsten basic surface in the state for slightly less than the demand . Finally, if we take into account the rising cost of purchasing and storage as well as state and local governments may behavior of tungsten production factors, we believe that the long-term price of tungsten in the uplink channel industry leaders in the process of rising prices , the most obvious benefit.

 

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The global tungsten supplies include nature tungsten (76%, 66% are turned into termination

products, the other 10% are the production wastes, which are turned into renewable tungsten again) and renewable tungsten (24%). The native tungsten includes Scheelite (Difficult mining, mainly for the production of tungsten iron), Wolframite (Easy for quality tungsten mining, the raw materials for tungsten refining and tungstate manufacturing.) and the black and white mixed tungsten mine. There accounted for proportions are 69%, 22% and 9%. 

Canada is increasingly being looked upon by Germany as a source of supply for strategic raw materials.

The 500-member Canadian German Chamber of Industry and Commerce is promoting Canada as a stable and viable place to invest, establish a presence and form strategic partnerships.

With Canada acknowledged as a global mining hub and a friendly producer of metals, the chamber is pushing for more business relationships between the two countries as mineral resources are taking a new priority in the European country.

“The German companies are realizing that Canada has a lot of potential and it's politically stable,” said Aarti Soerensen, the chamber's manager of mining and mineral resources. “It's not a complicated country.”

Germany is one of the world's largest consumers of raw materials and its companies are increasingly looking for secure sources of resources to feed its high-tech manufacturing and processing sector.

Spurred by global events with China's increasing grip in accessing strategic resources and the race for Africa's mineral wealth, Germany's federal ministry of economics and technology launched a new raw materials strategy in 2010.

Germany has traditionally sourced its raw materials from China, Africa and South America.

In sizing up the volatility of commodity prices and general global uncertainty, the German government wants to diversify its sources of raw material supply.

“It really showed that Germany was in a difficult position over the last 20 years,” said Soerensen. “We don't have significant companies in the metals sector.”

Many companies are engaged in aggregate material, but not so much in strategic metals like tungsten, tantalum, germanium, zinc, copper, molybdenum used in specialty glass, metal alloys and the renewable energy sector.

“We have a number of processing companies with refineries that do value-added processing, and we have a huge sector of high-end manufacturing that depends on the imports of those metals,” said Soerensen

“But we depend 100 per cent on imports for all these metals that we don't have the ownership (stake) in the sources.”

Thanks to the Canadian German chamber, Canada is now one of the identified target markets.

“We believe that Canada has been underestimated and undervalued,” said Soerensen. “It's an ideal partnership with Canada being a net exporter of a lot of these minerals. Germany has equipment in the mining sector that could be very beneficial to supply this booming industry.”

With great examples of German success stories already operating in Canada, namely Siemens and Festo, Soerensen said there are cross-cultural values that offer a great fit toward better co-operation.

In seeking to promote closer ties on the mineral front, the chamber has established a Competence Centre for Mining and Mineral Resources.

In November, the chamber hosted a German business delegation and conference in Toronto that included one-on-one matchmaking meetings with potential Canadian partners.

Soerensen said there was a broad mix of visiting companies engaged in mineral exploration and contracting, software development, steel trading, supplying conveyors and ore-handling equipment, as well as one fully integrated mining company seeking off-take agreements and to make a long-term investment in a project development.

Most of the one-on-ones took place in Toronto, but one company did travel to Sudbury to meet with Wallbridge Mining officials.

She expects some German companies will return for next spring's Prospectors and Developers Association of Canada (PDAC) show in Toronto when the chamber intends to have an expanded presence.

“I think there will be around 25 companies here at PDAC.”

Soerensen said if there's sufficient interest from Canadian mining-related companies and organizations, she wouldn't rule out a return trade mission to Germany in the near future.

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HENDERSON, NV - Jan 10, 2013 - US Tungsten Corp. ("USTU", the "Company")

The company is pleased to announce that as of January 8, 2012 Mr. Barry Wattenberg was appointed as Treasurer and as a Director of the company.

Mr. Wattenberg, 57, graduated Carnegie-Mellon University in 1977 with degrees in B.S. Management and B.S. Economics. He has served in various roles within the securities industry and on the board of several small publicly held companies.

Matthew Markin, President, stated, "I am happy to have Barry joining me at the Company. His proven ability to recruit top experts in their field(s), and create as well as organize a first class management team will serve the company well. Mr. Wattenberg will be tasked with the search committee responsibility to fill the roles of CEO, Geologist/Advisor, Legal and Industry Advisor and other such experts as this project requires."

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Bedford-based company inks lease, has high hopes for silver, gold finds on property

NSGold Corp. of Bedford has signed a lease and purchase option agreement with Cerro Rico Ventures LLC for a property in Humboldt County, Nev.

“We are hopeful for gold and silver,’” Glenn Holmes, NSGold’s chief executive officer, said in an interview Thursday.

Holmes said the Silver Hill property, which includes 36 unpatented claims, is in an area with producing gold mines.

“It’s known for gold production.”

The property also has potential silver, copper, arsenic and tungsten deposits, Holmes said.

Under the deal’s terms, NSGold, through its wholly owned subsidiary, NSGold Nevada Inc., may, at any time during the 10-year agreement term, purchase a 100 per cent interest in the Silver Hill property by making a cash payment of US$1.25 million.

The agreement requires NSGold to make a US$40,000 payment upon signing and to make advance minimum royalty payments of US$25,000 on or before the first anniversary of the signing of the deal, US$35,000 on or before the second anniversary of signing and $50,000 on or before the third and subsequent anniversaries.

The advance minimum royalty payments will be credited against a three per cent production royalty based on net smelter returns from production or sale of minerals.

NSGold will have the right to purchase two per cent of the production royalty for US$1.5million before production begins.

Holmes said the company plans to do initial prospecting, sampling and mapping of the Silver Hill property — “a typical first pass” — in the next quarter that will help determine subsequent development work.

NSGold’s principal project is the Mooseland gold property on the Eastern Shore, where it recently completed a third round of drilling.

NSGold shares were trading Thursday for 10 cents on the TSX Venture Exchange, up a cent from their previous close.

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Resource Investing News is pleased to announce the launch of Tungsten Mining NL on Tungsten Investing News.

Tungsten Mining NL is an Australian based resources company listed on the Australian Stock Exchange, that has an experienced management team with a proven track record of tungsten mine development. The Company’s prime focus is its high-grade, fully permitted Kilba project in Western Australia.

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PITTSBURGH--Allegheny Technologies Incorporated will provide live Internet listening access to its conference call with investors and analysts scheduled for Wednesday, January 23, 2013, at 1:00 p.m. ET. The conference call will be conducted after the Company's planned release of fourth quarter and full-year 2012 results. To access the broadcast, go to the home page and select "Conference Call". Replay of the conference call will be available on the ATI website.

Building the World's Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately $5.2 billion for the last twelve months. ATI has approximately 11,300 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, niobium, tungsten materials, forgings, castings, and fabrication and machining capabilities.

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MONTREAL, QUEBEC - Jan. 8, 2013 - J.A.G. MINES LTD. has completed the private placement announced in November 2012 for a total amount of $340,000. This placement was offered to "Accredited Investors" in units of $5,000, the share price was $0.10 per share. 3,400,000 Class A shares were issued under this private placement including 2,720,000 in the form of flow-through shares. In addition, 1,700,000 warrants were also issued, each warrant will entitle the holder thereof to acquire one share of the Issuer (on a non-flow-through basis) at a price of $0.20 for a period of twelve (12) months following the Closing date.

Shares issued pursuant to the offering will be subject to a four (4) month hold period. No commissions or finder's fees were paid under the offering.

The proceeds (80%) will be used for exploration expenditures on JAG's Properties in Belleterre-Temiscamingue and St-Robert-Beauce. A drilling campaign is presently underway in St-Robert. The objective is to drill a minimum of 2,500 meters on this property where historic values have been identified in tungsten,gold, silver, and zinc.

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 Aim-listed Premier African Minerals on Tuesday said it had secured two gold exploration permits that cover 400 km2 in the highly prospective Dapaong area, in Togo, West Africa.

The miner indicated that the permits were valid for an initial period of three years and that it intended to immediately commence exploration to quantify the full potential of the area, which added to its portfolio of mineral assets in Southern and West Africa.

CEO George Roach highlighted that the permits underlined Premier African Minerals’ development strategy that was aimed at advancing its existing portfolio, which comprised a number of preproduction assets, and increasing its asset base.

“The Dapaong project in northern Togo is an exciting addition to Premier’s diversified multicommodity portfolio. Given the substantial size of the project, the presence of Birimian-aged mineralisation, which has been proven to host commercial gold deposits across Western Africa, and the significant levels of artisanal activity, we consider Dapaong to have excellent development potential,” Roach said.

Substantial gold mineralisation had previously been discovered within Birimian-aged formation belts located in Ghana, Côte d’Ivoire, Mali, Guinea and Burkina Faso.

Major gold mines in the region include GoldFields’ Tarkwa mine, in Ghana, AngloGold’s Oubasi mine, also in Ghana, and Etruscan Resources’ Youga mine, in southern Burkina Faso.

“We expect to be active in 2013, as we look to continue with the development of our RHA and Katete projects [both in Zimbabwe], which are highly prospective for tungsten and rare-earth elements respectively,” Roach indicated.

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Colt Resources Inc. ("Colt" or the "Company") is pleased to announce that it has secured firm commitments to sell on a non-brokered private placement basis to Asian and Portuguese based investors as well as a number of the Company's directors up to 17,777,778 common shares at a price of $0.45 per share for total gross proceeds of up to $8,000,000 (the "Non-Brokered Private Placement"). The majority of the net proceeds from the Non-Brokered Private Placement will be applied towards the Company's Boa Fé Montemor gold project and for general corporate working capital purposes.

The Non-Brokered Private Placement is scheduled for two closings, one today and one on or about January 11, 2013 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under the Non-Brokered Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Today, the Company will complete an initial closing for 6,000,000 common shares for total gross proceeds of $2,700,000 and is expecting to complete a final closing on or about January 11, 2013. The Company will pay a finders' fee of up to 6 per cent cash and 6 per cent non-transferable compensation warrants. Each compensation warrant entitling the holder to purchase one additional common share of Colt at CAD $0.55 per share up to and including the 7th day of January 2014.

Each of the subscriptions in the Non-Brokered Private Placement by the Company's directors constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 - Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. However, the directors of the Corporation who voted in favour of the Non-Brokered Private Placement, with the directors subscribing in the Non-Brokered Private Placement abstaining, have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 can be relied on as neither the fair market value of the common shares of the Company issued to nor the fair market value of the consideration paid by such directors exceed 25% of the Company's market capitalization. None of the directors of the Company has expressed any contrary views or disagreement with respect to the foregoing. As previously-indicated, the directors who will subscribe to common shares of the Company in the Non-Brokered Private Placement have abstained from voting on the foregoing.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten.  It is currently focused on advanced stage exploration projects in Portugal, where it is one of the largest lease holders of mineral concessions.

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