North American Tungsten's Mactung Project Receives Regulatory Approval

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) ("NTC" or "the Company") announces that the plan to develop the Company's Mactung Project ("Mactung"), a tungsten property in Yukon, has received environmental approval. After a deliberative process which began in 2008, Mactung's positive environmental assessment from the Yukon Environmental and Socio-economic Assessment Board ("Board") has been further certified by the Federal and Yukon Governments. The governments issued Decision Documents which will permit the Company to move forward in the regulatory process.
 
Published under the Yukon Environmental and Socio-economic Assessment Act, the Decision Documents include a series of terms and conditions that North American Tungsten must incorporate into Mactung Project's design and operations in order to mitigate the mine's impact on the site located northeast of Ross River, Yukon.
 
"I can't express strongly enough the importance of this decision to our Company," NTC's Chairman and CEO, Kurt Heikkila said. "We are very pleased with the decision of the Board and of the governments whose further approval was required. This decision forms the basis for our next set of efforts to be one of the largest tungsten producers in the western world."
 
"Mactung is NTC's most valuable asset and the Company is eager to bring its resources to market. With the release of the Decision Documents and in co-ordination with the First Nations on whose traditional territory Mactung is located, the Company has a much clearer path towards the day when Mactung will join Cantung as two centers of operations and profit - not only for NTC and its shareholders but also for the people and communities of the North."
 
"We take seriously the responsibilities which the governments and the Board have placed with us to properly steward the Mactung site," Mr. Heikkila continued, "and we believe that this corporate commitment will become increasingly obvious in the years ahead."
 
North American Tungsten currently operates the Cantung mine which is located just inside the border of the Northwest Territories ("N.W.T."), 300 kilometers northeast of Watson Lake, Yukon. Two hundred sixty people are currently employed at Cantung. Mactung is located about 160 kilometres up along the border with N.W.T., this time falling on the Yukon side. Mactung is currently anticipated to be about 50% larger than Cantung in size and scope of operations and is anticipated to produce 2,000 tonnes per day from an underground operation.
 
 
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Tungsten Concentrate Guided Price Is Lower, Waste Tungsten Prices Keep Steady

Domaestic market: waste tungsten market maintains stable in the domestic market. Current mainstream focused on waste tungsten bit no tax price is 189 to 190 yuan/kg, and domestic waste tungsten blades is 169 to 170 yuan/kg, and imported waste tungsten blades and waste wire drawing die is still concentrated in 179 to 180 yuan/kg. Grinding material W content in 30 to 40 degree of purchasing price is concentrated in 1.45 to 1.5 yuan/degree, 50-70 focused on the 1.55 to 1.65 yuan/degree, over 70 degree concentrated in the 1.65 to 1.71 yuan/degree.

Since in September tungsten concentrate guided price is lower, businessmen donot expect the coming of "golden Sep", tungsten market become weaker overall. Waste tungsten businessman temporarily donot reduce the price, price remained stable, weak demand, however, a deal may not last. It is expected in short-term waste tungsten market is temporary stability, and recommended goods merchants could sell at a low price.

International market: Overseas tungsten market continues to stability. The quotation of MB tungsten iron in Rotterdam is $40 to 41 dollar/kg, European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which have stabilized. With the ending of European summer break, overseas downstream demand remains to be released, the market mentality is gradually improving, trading atmosphere is gradually recovery, it is expected that overseas tungsten market maintains steady in short-term.

 

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Jiangxi Tungsten Group and Central South University Have a Cooperation

On August 29 to 30, 2014, jiangxi tungsten holding group and central south university have a talking about a comprehensive strategic cooperation and have reached an agreement in JingAn hot spring resort.

Zhou Kezhao (Central south university vice-chancellor) and Zhong Xiaoyun (the chairman, party secretary, general manager of jiangxi tungsten group) had a cordial and friendly talking about tungsten content material efficient cleaning using new technology operating mode, and comprehensive strategic cooperation between colleges and companies. They has carried on the extensive discussion, and reached a preliminary agreement. After the talking, central south university and jiangxi tungsten group signed an agreement on tungsten raw material effective clean use of new technology development and promotion of cooperation, for the further comprehensive cooperation.
 
 
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Japan's in a Social Panic As China Has Stopped to Export Rare Earth to It

According to Japan News reported , as sino-japanese ship collision in diaoyu island in September 2010, China has cut rare earth exports to Japan. Due to close to 90% of rare earth supply demand depends on China, Japan has been short of rare earth, and industries are in great confusion. Supply shortage has been existing until the summer of 2011, the price also rose violently several times.

Under the drive of interest, the United States, Canada, Australia and other countries have raised a hot wave of exploiting rare earth. Japanese companies also accelerate the diversity of purchasing channels. Sojitz has began to import rare earths from Australia in 2013. Toyota tsusho company also plans to produce rare earths in India in 2014.

It is reported that mistake is "rare earth", although in general it is called "rare earth", it can be divided into light rare earth and heavy rare earth, the former can be widely in the world mining, but the later has very few stock, and is worthy of the name "rare earth", both added up to a total of 17. After the collision, Japan has found purchase channels but it is mainly light rare earth. Heavy rare earth class still almost entirely depends on China.

Heavy rare earth market outside China, sumitomo company will import from kazakhstan, but has not been available. If China interrupt exports for some reason, Japan cannot ensure stable supply.
 
Industries strong hope that the supply and demand of rare earth should balance, and sino-japanese relations should settle down as soon as possible.
 
 
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The Offer from Ferro Tungsten Smelting Factory Is Strong, But Dealing Volume Is Less

With the weakness of guided price, tungsten iron manufacturers offer continues to be strong, and the reason is that there is a difficulty in collecting money, raw material purchase price is hard to be dropped, and environmental pressure increases. Downstream enquiries are being negative, and the dealing volume is less. Compared with last week, the actual transaction prices still fell slightly, especially low dealing increased slightly.

It is reported that 70 tungsten iron tax offer concentrated in the 171000 to 175000 yuan/ton, there is a higher price of 176000 yuan/ton, but the actual dealing is in 170000 to 172000 yuan/ton.

 

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China cut off exports to Japan of rare earth cited Japanese social panic

Designation of the East China Sea in China's air defense identification zone, Japanese Prime Minister Shinzo Abe visited the Yasukuni Shrine in late 2013, was seen as synonymous with the risk of China's "rare earth" but did not become a topic. Is the crisis really disappear?

According to Japan on the 25th reported that by mid-September day in 2010 Diaoyu Islands waters collision, China played the diplomatic card, cut off exports to Japan of rare earths. Because nearly 90% of the demand dependent on Chinese rare earth supply shortages in Japan immediately, industry into great confusion. Rare earth supply shortages continued until the summer of 2011, the price is sprayed as a mist fei Di ingot soared several times.

Read more...

ITIA guide price continues to weaken, the business confidence frustrated again

Tungsten market: ITIA guide price continues to weaken, the business confidence frustrated again, buyers continued to suppress the inquiry, cargo operators are still many on the sidelines, little willingness to sell at a loss. Ferrotungsten manufacturers offer continue as a going strong, mainly due to difficulties in the market capital returns, the purchase price of raw materials is difficult to drop, environmental pressures increase. Turn. Tungsten products market sentiment enriched, businesses continue to offer steady, price adjustment underpowered downstream still demand procurement, trading atmosphere deserted. Short-term stabilization of the main tungsten City, turnover remained deadlocked.

Read more...

Tungsten iron smelter offer strong, market volume was light

With the guidance prices continued to weaken, tungsten, iron manufacturers offer continue as a going strong, mainly due to the difficult market capital returns, the purchase price of raw materials is difficult to drop, environmental pressures increase. Downstream inquiry continued negative market volume was light, the actual transaction price is still slightly Yindie compared to last week, especially in the low turnover increased slightly.

It is understood now 70 ferrotungsten tax offer focused 17.1-17.5 yuan / ton, the existence of a higher offer 176,000 yuan / ton, but the actual turnover hovering at 17-17.2 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten products market sentiment enriched, businesses continue to offer steady

Since September Minmetals guided flat, Ganzhou Tungsten Association forecast average price down, tungsten ore market confidence frustrated, short-term market or difficult to improve. Tungsten products market sentiment enriched, businesses continue to offer steady, price adjustment underpowered downstream still demand procurement, trading atmosphere deserted. Short-term market is expected to more than tungsten products will continue to maintain steady trend.

Tungsten powder and tungsten carbide market is still steady. At present, the main focus in the actual transaction between 254-256 yuan / kg, merchants offer tend to focus on high-low has been reduced turnover mainstream still focused on low-cost resources. Tungsten steel offer is still concentrated in the 270 yuan / kg nearby, high-purity tungsten 285 yuan / kg, tungsten electrode grinding rod 405 yuan / kg.


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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Tungsten Market Is Bleak on the Whole, Businessmen Continue to Watching

Tungsten market: the market overall clinch a deal the cold and cheerless, businesses continue to wait-and-see, careful operation, tungsten prices temporarily weak stability; Tungsten concentration, APT and tungsten iron smelter foreign quotations are flat, merchants are more cautious buying and selling, markets wait-and-see mood is still continue. Is expected late tentative enquiries or slightly increased, a small amount of clinch a deal or increase, prices stabilised.

Molybdenum market: molybdenum products primary market generally stable, merchants foreign offer no obvious abnormal fluctuations. Downstream substantial demand is not strong, the businessman foreign shipment resistance is bigger, so the cash flow. Later still both clear, such as supply and demand is expected to market or under pressure.
 
 
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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Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
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