Tungsten Carbide Powder Price

Sandvik AB Reports 2nd Quarter Results

Details: Category: Tungsten's News; Published on Wednesday, 31 July 2013 09:15; Written by Yuri; Hits: 2485

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.

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Black Fire Minerals Secures Title Over Nevada Tungsten Copper Project

Details: Category: Tungsten's News; Published on Wednesday, 31 July 2013 09:05; Written by Yuri; Hits: 2324

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.

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Hemerdon Tungsten Mine Development Starts

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:06; Hits: 2242

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.

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Wolf Wants to Begin Mining By the End of 2014

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:11; Hits: 2217

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.

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Carbine Tungsten's Hard Rock Mine Schedules to Commence Production in 2014

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:02; Hits: 2261

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
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