China tungsten carbide powder prices firm.

China tungsten carbide powder suppliers hold offers firm this week. But as the downstream customers are inactive in making deals, the trading volume is small in the spot market.

A source from a tungsten carbide powder factory based in South China, with an output of around 100 tons per month, expressed that they make offers for medium-sized tungsten carbide powder at RMB330kg USD54.0kg.

You can visit the following links for more information about  tungsten carbide powder.

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

Australian companies focus on tungsten-tin mine development in Burma.

Three emerging exploration companies listed in ASX, Avenue Resources Company, Intercept Mining Company and Eumeralla Resources Company jointed announced the preliminary exploration of tungsten-tin mines in Burma with potentials.

Ministry of Geologic Exploration and Mineral Development in Burma have indentified 480 tin and tungsten-tin spots with around 400Mt of potential primary ore and impact ore resources. Avenue Resources Company announced on June 11 the merger of Lotus Mining Company by paying twice to purchase the prices 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

Japanese tungsten market sees few deals.

Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese customers are inactive in making deals.

Furthermore, many Japanese tungsten market participants will leave market for summer holiday in August, and they are inactive in adding stocks with watching attitudes.

You can visit the following links for more information about  tungsten 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

Cinderford based start-up Versarien, which develops advanced micro-porous metals for thermal management, has acquired Total Carbide Ltd (a manufacturer of sintered tungsten carbide components, located in Princes Risborough).
Furthermore, Versarien also commenced dealings on the Alternative Investment Market (AIM) of the London Stock Exchange. The company has raised a total of GBP 3.0 million (before expenses) through a placing of 24,489,799 ordinary shares at 12.25p per share.

Immediately following admission, Versarien has 83,076,085 ordinary shares in issue. This gives it a market capitalisation of GBP 10.2 million (at the placing price).

Versarien has used the net proceeds of the AIM floatation to acquire Total Carbide Ltd (a manufacturer of sintered tungsten carbide components, located in Princes Risborough) from Elektron Technology plc for a sum of GBP 2.28 million (GBP 1.58 million in cash and the balance in Versarien shares).

The acquisition of Total Carbide will give Versarien access to manufacturing assets in order to expand production of the VersarienCu thermal interface product (a micro-porous copper).

Commenting on Versarien’s admission to AIM, the company’s CEO Neill Ricketts said: "The board is delighted with the successful admission to AIM today. This listing makes both strategic and commercial sense as we take Versarien to the next stage of its development. We look forward to working with our new shareholders and we would like to thank them all for their support and the confidence they have shown in the future of Versarien.”

“With the funds successfully raised, we can now complete the acquisition of Total Carbide enabling the Group to develop its commercial proposition, product portfolio and manufacturing capabilities. We intend both to build on the current profitable business of Total Carbide and to use its automated facilities to manufacture VersarienCu. This in turn enables Versarien to tap into the large and high-growth market for thermal management, and we look forward to developing innovative products to capture this opportunity using our proven leading edge technology."


Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
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