Vital Metals is looking into the economic viability of tripling production at the proposed Watershed project in Queensland Australia.

Through the feasibility study, some preliminary findings were made, suggesting that tripling production at Watershed was a feasible option.

The extended feasibility study would examine increasing production from the currently proposed one-million tonnes a year to three-million tonnes a year.

Early indications show that the capacity could be achieved for a capital expenditure of some A$150-million.
 

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Vital Metals may triple the size of its planned tungsten mine in Australia to 3 million tpy on expectations that a weaker Australian dollar, lower production costs and a strong tungsten market will make the project more profitable.

The outlook for tungsten is brilliant on China’s robust demand, Mark Strizek, Vital’s managing director said in a statement. Ongoing quota on APT exports and ban on the export of tungsten concentrate continues to put pressure on prices.

“China has the world’s biggest tungsten resources and accounts for about 80 per cent of global consumption but they are now importing it to help meet domestic demand,”
 

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Wolf Minerals Limited released its quarterly activities report for the period ended on June 30, 2013. The Company achieved major milestones in the development of the Hemerdon Project, including the commencement of a £75 million EPC Contract and the finalization of a A$213 million debt funding package.

Highlights from the June quarter include:
£85 million Mining Services Contract awarded for Hemerdon Project, subsequent to quarter end.
First drawdown of US$82 million funding package from RCF completed.
£75 million EPC Contract for Hemerdon project commenced.
Binding Tungsten Off-take agreements completed.
Board changes announced.
Land acquisition process at Hemerdon site ongoing.
Tungsten price at long-term highs – APT ~$400/mtu.
 

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Chinese tin producer Yunnan Tin Company (YTC) plans to spend 3.5 billion yuan ($566 million) to move its main smelting facility from Gejiu city, in order to comply with the Chinese government’s environmental policies.

Of this total, plant construction is expected to cost about 1.9 billion yuan. YTC – which is the world’s largest tin producer – will move its smelting facility to the Mengzi Economic Development Zone in Yunnan province.

Its new copper and lead smelters are already located there, and it plans to upgrade the tin smelter to a 70,000-tpy plant. The relocation project is expected to take three to five years to finish.

The company’s existing tin plant, which underwent major upgrade work with the installation of an Ausmelt furnace in 2002, is situated within Gejiu city.

Under the entry requirements for the tungsten, tin and antimony industries, set out by the Chinese National Development & Reform Commission in 2006, smelters that are within 1km of residential areas must be relocated.
 

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