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China-Kinwa Continue to Acquire Dechang Thick Rare Earth

Details: Category: Tungsten's News; Published on Friday, 15 August 2014 16:42; Written by lxx; Hits: 1874

China-Kinwa ongoing with self-raised funds of 950 million yuan directly acquired 100% Dechang Thick Rare Earth is still in progress. The bid has been ongoing since 2013.

If the bid is completed, China-Kinwa is expected to complete the important step on the new energy industry chain.

After the release of public information, the acquiree guarantee Xichang under Dechang thick earth can have mine holds the reserves of not less than 600000 tons of rare earth metals, mine in 2013 approved by the state mining amount not less than 10000 tons.

At present, the company asset acquisition related assessment and audit work continues, and the latest progress of geological report matters related preparation work has finished. At the same time, the geological material has been sent to the Audit Center Department of land and resources of Sichuan and has been accepted. The review work is being carried out, through the review, the review center can be sent to land evaluation opinions Department of Sichuan province mineral resources reserves are reserves for work. Audit approach to carry out the work and obtain most of the materials added missing data; evaluation of auxiliary work has been completed, then the report issued by the assessment report after the completion of the record of geological reserves. Flotation production line construction work has been completed, the ongoing flotation production test of the production line.

Analysis of a long-term interest in China-kinwa said that, China-kinwa had promising prospects about rare earth resources of its development prospects of, what’s more, rare earth resources are a very important part of the new energy industry chain of the company in recent years. And rare earth resources are scarce, the company will not give up easily, acquisition and integration of industrial chain to be in China-kinwa is most urgent desire to complete as soon as possible. With the national policy on rare earth frequent positive, if the acquisition is completed, China-kinwa will have a significant impact on the business performance.

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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Waste tungsten market transactions in the doldrums, the business mentality.

Details: Category: Tungsten's News; Published on Friday, 15 August 2014 15:52; Written by HJF; Hits: 1877

The overall market is still vulnerable to tungsten, tungsten scrap market turnover is also very weak, poor business mentality, a strong wait-and-see mood, currently on the market price of resources is still more. Although “ the golden nine silvers ten ” coming, but short-term demand is difficult to improve, is expected in late August or market will continue to be weak, suggest goods merchants moderate price go goods, need the amount of goods at the end of the month.

Tungsten scrap prices continue to maintain stability. At present, the waste tungsten bit is not including tax price concentrated in the mainstream 188-189 yuan /kg, domestic waste tungsten blade 168-170 yuan /kg, imports of scrap tungsten blade 178-180 yuan /kg, scrap wire drawing die 178-180 yuan /kg. Waste tungsten grinding material 30-40 traders purchase price concentrated in the 1.45-1.5 yuan / degrees, 50-70 degrees concentrated in the 1.55-1.7 yuan / degrees, 70 degrees or more concentrated in the 1.7-1.75 yuan / degree.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

The Price of Tungsten Continue to Wander in Trough, Few Transactions

Details: Category: Tungsten's News; Published on Friday, 15 August 2014 14:29; Written by lxx; Hits: 1617

Tungsten prices continue to wander in trough, the market price to the interval low slightly loose, merchant capital is to set of dead air. The flow of funds is nervous and depressed demand constraints, which leads to few transaction of tungsten. The buyer's demand is not urgent and continuing crackdown on inquiry, the seller will lose money goods low, both sides continued stalemate, which is expected short-term ore price or shock downlink.

It is understood that the above 60 degree black tungsten concentrate prices in the mainstream 102 000-103 000 yuan / ton, above 60 degrees the white tungsten concentrate prices at 100 000 yuan / ton near the mainstream.

Because the tungsten metal itself value of fair, and tungsten business generally patience is sufficient, is expected to handle the loss in August businesses, merchant are holding more goods on arrival “golden nine silver ten”. The overall volume is difficult to increase.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market is still weak, ore price lasts low

Details: Category: Tungsten's News; Published on Friday, 15 August 2014 15:30; Written by HJF; Hits: 1749

Tungsten market: at present the whole industry is still in the off-season, the market operation of low enthusiasm, tungsten concentrate prices continued low, the market price to the interval low slightly loose, merchant capital is to set of dead air. For the manufacturers to maintain started only a digit, the buyer needs not urgent and continuing crackdown on inquiry, the seller will lose money goods low, both sides continued stalemate, short-term ore price or shock downlink, waste tungsten market turnover is also very weak, poor business mentality, a strong wait-and-see mood, the tungsten market stability is weaker, transactions only, is expected in August mainly mid or stabilization.

Jiangxi Dajishan Tungsten Industry Limited Company Stars A New Shaft Project

Details: Category: Tungsten's News; Published on Friday, 15 August 2014 11:33; Written by lxx; Hits: 1621

Jiangxi Dajishan tungsten industry co., LTD., has formally started the new shaft engineering ,which is the model of tantalum niobium tungsten ore body exploitation and utilization of key construction projects.

The depth of the shaft about is 350 meters, wellbore diameter of 5.5 meters for the shaft. Started in February this year, the project has been finished grading, derrick installation, lifting equipment, such as preparation, formal into the wellbore dig build by laying bricks or stones construction, is scheduled for completion in August next year. When shaft completed, will use the ground multi rope winding way, earnestly shoulder the task of ore and the improvement of personnel, is expected to increase ore is up to 1000 tons.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn