Tungsten Mining NL, (ASX:TGN) a company exploring for tungsten in Western Australia, on Thursday released the results of a scoping study showing the economic viability of its Kilba project.

The study values the project, an open-cut mine slated to produce 154,000 MTU of WO3 a year for 7 years, with a net present value of $36 million with an internal rate of return of 34 percent. The $56 million capital expenditures outlay is expected to be paid back within the first year of operation.

Located in the Gascoyne region of Western Australia, the deposit contains 1.4 million MTU of contained tungsten oxide, as defined in a JORC-compliant resource estimate.

“The release of the Scoping Study results is another major milestone for Tungsten Mining and its shareholders, managing director Paul Berndt said in a statement. “The Scoping Study indicates that Kilba is an economically attractive project, and the relatively low pre-production capital cost of $56 million is a low capital barrier for Tungsten Mining to overcome in order to join the ranks of the world’s very few tungsten producers outside China.”

Tungsten Mining said it plans to initiate a definitive feasibility study (DFS) for release in the second half of the year. More infill drilling is also expected to take place in zones 8 and 11 of the deposit.

Tungsten Mining closed at 18 cents on the ASX on Thursday, unmoved from the previous session.

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China ammonium paratungstate offers (APT offers) move up further while trading keeps thin.

China tungsten concentrate prices keep increasing this week, so the ammonium paratungstate(APT) suppliers raise offers further this week.

But the trading volume remains at low level as the customers are inactive in making deals. A source from an ammonium paratungstate（APT） factory based in South China expressed that they make ammonium paratungstate offers (APT offers) at RMB212,000-213,000.

You can visit the following links for more information about  ammonium paratungstate prices (APT offers). Thank you very much! 

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

The demand from the steel market does not recover, and the supply recovers in the European market, therefore, the ferro-tungsten prices ease slightly in Vietnam.

A major ferro-tungsten trader based in Vietnam expressed that they do not resume production now as the power supply is tight. He said that the prices for ferro-tungsten ease slightly this week, which are at around USD45-47/kg W.

European  ammonium paratungstate prices(APT prices) continue to increase.

Sources in the European ammonium paratungstate market(APT market) claim that the now common pattern of patchy demand shown by European consumers, and yet upward pricing movements due to increasing raw material costs in China, has once again taken hold of the European APT spot market prices.

Offering figures have moved up from USD375-385mtu in warehouse Rotterdam late last week, to between USD385-395mtu in warehouse Rotterdam as of Wednesday, and unconfirmed reports that a Japanese consumer purchased material from a China ammonium paratungstate(APT) producer above USD400mtu earlier this week led some sources to predict that the prices will continue to increaes.

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). Thank you very much! 

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