Mark Saxon, President & CEO, is pleased to announce the execution of an agreement to acquire a 100% interest in a portfolio of tungsten projects in the Bergslagen mining district of south-central Sweden. This new tungsten portfolio includes several of the largest known tungsten occurrences in Scandinavia, including the former Yxsjoberg mine which accounts for more than 90% of the tungsten previously produced in Sweden. The projects lie 200 - 300km north of company's flagship Norra Karr heavy rare earth element project and were purchased outright for a total consideration of 100,000 fully paid common shares in Tasman Metals Ltd and C$45,000.

Tasman has acquired 6 tungsten projects (Yxsjoberg, Gussarvet, Wigstrom, Sandudden, Gustavsberg and Gensgruvan) which are secured by 7 exploration claims totaling 3,680.4 hectares in size. All projects have extensive historic information including drilling, production and metallurgical data, and are supported by excellent road, rail and power infrastructure.
"Acquisition of this tungsten portfolio, including a former tungsten producing mine, has provided an excellent opportunity for Tasman to expand its position as a potential strategic metal supplier for Europe" said Mark Saxon, Tasman's President and CEO. "While we maintain focus on our globally significant Norra Karr heavy REE project, tungsten is an essential industrial metal that faces the same resource security challenges to REE's, with a Chinese supply monopoly and strongly growing demand. Tasman shall continue to seek additional aligned opportunities during this challenging market for junior resource companies."
Based on its economic importance and high risk of supply disruption, tungsten has been named a "critical" metal in recent British Geological Survey (BGS) and European Commission (EC) publications. Tungsten is an essential industrial element with hundreds of end-use applications. It has the highest melting point (3,410°C) and highest tensile strength (19.3 gms/cc) of all pure metals and is therefore highly sought after for drilling and cutting equipment (termed hardmetals), specialty steels and aerospace applications.

Today, greater than 80% of tungsten is sourced from Chinese mines, therefore, presenting similar resource security challenges to rare earth elements. Since 2008, Chinese domestic demand has exceeded its own supply, resulting in a near doubling of price for tungsten concentrate over this period, and a gradual increase in total traded volume. Tungsten demand growth has consistently outperformed GDP growth.

Tungsten (the chemical symbol for which is W) holds a strong historic connection with Sweden. The name tungsten is derived from the Swedish for heavy (tung) stone (sten) relating to the high density of the metal. In 1781, mineral samples now known to be scheelite from the Bispberg mine (located 60km NE of Yxsjoberg) were analyzed by renowned Swedish chemist Carl Wilhelm Scheele. Scheele demonstrated that the mineral contained calcium and a material he named tungstic acid.


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Swastik Tungsten Pvt Ltd has recently increased its manufacturing capacity for tungsten metal powder at its facility in Shrirampur, Maharashtra, India, some 130 km from Mumbai. The company states that it has installed a modern state of the art tungsten metal powder manufacturing unit at the site, with a monthly capacity of 22 mt.

Swastik Tungsten was established in 2000 and supplies tungsten metal powder and other non-ferrous metal powders to the domestic and international markets.
“We have a team of advanced professionals who are committed towards bringing innovation in terms of the features of the products. Our professionals adopt a committed approach towards excellence,” states the company.  

“We are equipped with advanced testing equipment to ensure that the products are properly checked for specific qualities. We have our own laboratory to test the products and ensure that the clients get the best.”

Swastik Tungsten's Managing Director, Ajit Arbatti, also announced plans to set up a sintered carbide MIM plant to further diversify the company's activities.


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Engineering productive and profitable tungsten carbide turning operations for common but demanding steel materials, such as the ISO P25 material classification, is a challenge. Steel workpiece materials in this category are found in a range of applications—from automotive parts to heavy-duty fasteners to aerospace components. Many of these parts are made in high volumes.

Sandvik Coromant, has been focusing on promising developments in tungsten carbide turning insert technology specifically targeted to P25 turning applications. The result of these development efforts—a new grade of tungsten carbide turning inserts for P25 steels—is already in the hands of selected U.S. manufacturers as part of the company’s final field testing and evaluation procedures. The new grade is designated GC4325.

One of these manufacturers, GKN Walterscheid in Woodridge, Illinois, reports a significant gain in productivity with this tungsten carbide insert grade. In one test, these inserts outlasted previous insert choices by 50 percent. (Sandvik Coromant indicates that these results are typical for the entire test group, which includes numerous shops in the United States and Europe.)


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Plymouth Minerals (ASX: PLH) will look to leverage expected supply shortages in tungsten by acquiring a brown fields tungsten project in Spain which could see exploration commence in Q4, 2013.

This should provide momentum for lightly capped Plymouth of under $3 million.

Under the deal, it will acquire the Morille tungsten-tin Project for cash and share based payments of €300,000 or A$420,000 over 12 months to earn 80% interest in the project.

Now tungsten project had previously produced tungsten and it was high quality tungsten concentrate evidently, until its closure in 1985 due a decline in the tungsten price.