Tungsten Jewelry Price

Conflict Minerals - Board Takeaways for 2013

Details: Category: Tungsten's News; Published on Wednesday, 23 January 2013 09:59; Hits: 2351

What topics should CFOs get their arms around so they won't seem out of touch at board meetings this year?

As a CFO, you’re probably not a member of the company’s board. But you might as well be. You attend the greater portion of most board meetings and are asked for a lot of input.

But are you always fully prepared? After all, a new hot item may pique the board’s interest at any time.

Conflict Minerals
It’s just one of the 398 rulemakings required by the Dodd-Frank Act (and one of 136 that have been finalized). But the Securities and Exchange Commission’s new regulations regarding “contract minerals” promise to be prominent in boardroom discussions this year and perhaps next.

The SEC estimates that about 6,000 U.S. companies, or 40% of the approximately 15,000 publicly held ones, will be subject to heavy new compliance requirements. That is, any company that sells products containing gold, tantalum, tin, or tungsten, or otherwise uses those substances in making products, must publicly report on the metals’ movement through its supply chain. The purpose is to determine whether they were mined in the Democratic Republic of Congo and surrounding countries, where warring parties have been looting mines for years and selling the four metals in the global market to fund their violent activities.

The reporting requirement begins in May 2014. But companies’ initial reports must cover calendar-year 2013 supply-chain activities. Reports containing false or misleading statements could expose CFOs to liability under securities laws.

Most public companies in the aerospace, automotive, construction, electronics, industrial equipment and tools, jewelry, and medical equipment industries will be subject to the rules. Privately held companies could be at risk as well, if they supply products to public companies. In the aggregate, companies will spend several billion dollars to comply with the regulations, says Dennis Whalen, executive director of KPMG’s Audit Committee Institute.

“It’s going to be an awful lot of work for companies,” says Richstone, noting that the matter did not get on many boards’ radar screens until fairly recently.

At a board meeting where she first heard about it, “we all sat there with our mouths hanging open, saying is this for real?”

Several lobbying initiatives funded by corporations are under way in Washington over the issue, most notably one spearheaded by the Direct Marketing Association, Friedman notes.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Vantage Drilling Receives Letter of Award for Tungsten Explorer

Details: Category: Tungsten's News; Published on Wednesday, 23 January 2013 09:16; Hits: 2441

HOUSTON, TX -- 01/22/13 -- Vantage Drilling Company ("Vantage") announces today that it has received a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa. The award is for a period of up to four years commencing in mid 2014.

The contract has a minimum duration of two years, while the customer has four six-month options to extend the contract. The letter of award is subject to customary conditions including negotiating the final terms of the contract which is anticipated to be completed in the first quarter 2013. The estimated revenue over the initial two year firm period of the contract is approximately $468 million, including mobilization.

Benchtop Reflectance Probe

Details: Category: Tungsten's News; Published on Tuesday, 22 January 2013 10:17; Hits: 2510

LAWRENCE, Mass — A benchtop reflectance probe for qualitative and quantitative mineral analysis in the core logging shack or the lab has been unveiled by Spectral Evolution. It provides geologists and field researchers with hands-free measurement across the spectral range from 350 to 2500 nm.

It delivers easy-to-use sample analysis for identifying iron oxide minerals, Al(OH) group minerals, MH4 minerals, Fe(OH) group minerals, Mg(OH) group, carbonate group, OH-bearing silicates, Zn silicates/phosphates, zeolites, rare-earth-element-bearing minerals and sulfides.

The probe features “no threading” setup with an external SMA-905 port and power connector, a 5-W tungsten halogen source with a user-replaceable probe, compatibility with all of the company’s spectrometers, and a sapphire window for durability.

It can be ordered separately or as part of a Spectral Evolution mining bundle.

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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W Resources Expects First Production from La Parrilla in Second Half of 2013

Details: Category: Tungsten's News; Published on Tuesday, 22 January 2013 17:22; Hits: 2441

W Resources expects the La Parrilla tailings project to be in production in the second half of 2013 - after it received final approval.

The regional authority of the Junta de Extremadura has given the go-ahead for the project in Spain, the firm told investors.

Annual plant feed is expected to be around 330,000 tonnes and annual production anticipated to be 28,000 MTU (metric ton unit) of tungsten and 26 tonnes of tin.

Larson Jewelers Now Carries a New Triton Rings

Details: Category: Tungsten's News; Published on Tuesday, 22 January 2013 09:38; Hits: 2433

Larson Jewelers an authorized dealer of the Triton Rings line, a division of Frederick Goldman, has just announced they now carry 4 mm and 5 mm wide Triton rings made of tungsten carbide. 4 mm and 5 mm wide tungsten rings are ideal for women or men who prefer narrow bands.

The debut of this long anticipated narrower tungsten wedding bands line is happening just in time for the Valentine’s Day shopping season. For years Triton has focused only on 6 mm to 9 mm wide rings, which are the widths men traditionally wear. Now, couples who wish to have matching Triton branded wedding bands can finally do so, and Larson Jewelers is one of the few jewelers who have full authorization to carry this reputable jewelry line.

Triton is starting off with 6 great styles; 3 styles in 4 mm and 3 styles in 5 mm. Styles range from classic plain polished domed rings to beautifully carved designs. “When we first started carrying the Triton line last year, we asked if they will have a 4 mm or 5 mm line for women and they said they would, but we didn’t think they would come out with it this fast.” says Thomas Larson, co-founder of Larson Jewelers.

As mentioned, this line is not specifically geared towards women. Many men who are not used to wearing rings will also prefer to have a narrower band because it will not feel as bulky. Make no mistake these rings are narrower, but they are by no means weaker. Triton’s renowned toughness is engineered into this line as well. As with all tungsten ring brands Larson Jewelers carry, Triton Rings, come with a manufacturer’s lifetime warranty, which covers size exchanges for life, and repair or replacement in case of accidental damage. It is part of their policy to only carry brands from manufacturers that stand behind their products.

Tungsten Jewellery Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-jewellery.com
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Email: sales@chinatungsten.com
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