Carbine Tungsten Limited is pleased to announce that long-term off-take partner, Mitsubishi Corporation RtM Japan (“Mitsubishi RtMJ”) has recently participated in a site visit to the Mt. Carbine Tungsten Project in North Queensland.

Immediately following the site visit on 12 July 2013, Mitsubishi RtMJ’s President, Mr Kenji TANI conducted an interview with Japan Metal Bulletin.

In the interview, Mr. TANI reiterated Mitsubishi RtMJ’s interest in providing funding for the development of the Hard Rock Project and resulting off-take participation, specifically citing the terms of the signed MOU and advance payment.
 

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Carbine’s Managing Director, Jim Morgan, commented: “It was a great pleasure hosting the President of Mitsubishi RtMJ and other senior delegates at the Mt Carbine Tungsten Project ."

"As we progress the reinvigoration of our Hard Rock Project. We have worked alongside Mitsubishi RtMJ since January 2012, and the relationship has continued to grow."

“This has been evidenced by the escalation from off-take partner to potential funding and project partner and the positive feedback received following the site tour is very encouraging. "

"We will continue to work with Mitsubishi RtMJ as we progress our development plans at the project and look forward to partnering to unlock the value within our world class Tungsten project.”
 

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Carbine Tungsten Limited is pleased to announce that long-term off-take partner, Mitsubishi Corporation RtM Japan (“Mitsubishi RtMJ”) has recently participated in a site visit to the Mt. Carbine Tungsten Project in North Queensland.

The site visit was yet another step in the strengthening relationship between Carbine and Mitsubishi RtMJ following the initial sales contract signed in May 2012.

Since this time, Carbine has continued shipments of Tungsten concentrate exclusively to Mitsubishi RtMJ with the most recent shipment dispatched in July.

In February this year, Mitsubishi RtMJ and Carbine signed the MOU, and more recently a $400,000 advance payment against future shipments was received to support optimisation work at Carbine’s Tailings Retreatment Plant.
 

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The village of Stanley, N.B., is one step closer to getting a massive tungsten mine.

Vancouver-based Northcliff Resources submitted its environmental-impact assessment to the federal government. It wants to start an open-pit tungsten mine in Stanley. The tungsten mine could employ hundreds of residents.

Northcliff’s Greg Davidson said the company has done the ground work and the public has nothing to fear.

“I certainly identify the concerns we’ve heard over the past couple of years. We’ve implemented mitigation strategies to minimize any impacts,” he said.

Northcliff expects to create 500 jobs during the construction phase — that's more than the population of Stanley.

It anticipates 300 jobs during the 27-year operation.


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MIIT to revise entry conditions for copper, tungsten and antimony industry.

Raw Materials Department of Ministry of Industry and Information Technology of China MIIT released on July 31 a report on development of Chinese nonferrous metals industry in H1 of 2013.

According to the report, nonferrous metals industry was burdened with serious overcapacity, high productions.

You can visit the following links for more information about  copper, tungsten and antimony industry.

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Carbine Tungsten Limited is pleased to announce that long-term off-take partner, Mitsubishi Corporation RtM Japan (“Mitsubishi RtMJ”) has recently participated in a site visit to the Mt. Carbine Tungsten Project in North Queensland.

Representatives from Carbine’s Board and Senior Management team accompanied Mitsubishi RtMJ’s President, Mr Kenji TANI, to site in July.

The purpose of the visit was for Mitsubishi RtMJ to conduct further due diligence on the Project following the Memorandum of Understanding (“MOU”) between Carbine and Mitsubishi RtMJ signed in late February 2013.

The MOU outlined Mitsubishi RtMJ’s intention to provide up to $15,000,000 in project level funding to support the development plans for Carbine’s existing tungsten stockpiles and former hard rock open pit mine .
 

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North American Tungsten Corporation announced the passing of Christina Scott, the Corporate Secretary and a director of the Company, who passed away unexpectedly on July 11, 2013.

Ms. Scott passed away unexpectedly on July 11, 2013. Ms. Scott was a valued member of the Company’s board and management team. She will be greatly missed by everyone at the Company.
 

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Operating rate for ferro-tungsten factory low in China.

The ferro-tungsten market does not see any obvious improvements in China, and most of the ferro-tungsten market participants hold wait-and-see attitudes towards the future market.

There are few deals being concluded. Under the current high raw materials offers, the ferro-tungsten prices are under the production cost. Due to the sluggish market, the operating rate for ferrotungsten factories is low in China.

You can visit the following links for more information about  ferro-tungsten prices.

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Happy Creek Minerals Ltd. is pleased to announce that drilling is completed on its 100% owned, 165 square kilometre Fox tungsten property. The Fox property is located approximately 75 km northeast of 100 Mile House, in the south-central Cariboo region of British Columbia, Canada.

On the Fox property, positive values of tungsten occur in rock, stream sediment, soil and drill core in a 10 km by 3 km area. On the east side of Deception Mountain, four outcropping mineralized zones are named from south to north the 708, BN, RC (Ridley Creek) and BK prospects. Together, these prospects are within a favorable target horizon (calc-silicate or skarn) spanning a distance of three kilometres and a lateral extent thought to be greater than one kilometre.

During July 2013 the Company drilled approximately 1,300 metres of NQ size core at the RC prospect. Eighteen drill holes were completed and an additional three holes were lost prior to cutting through the target horizon. All completed drill holes intersected the favorable target horizon that starts from surface and is estimated to be between 15 and 40 metres in thickness. Using Ultra Violet light to fluoresce tungsten, the target horizon in the drill holes contain variable concentrations of tungsten from trace to very strong. The mineralized zone remains open in extent. Drilling to date at the RC prospect has tested approximately 10-15% of the potential target area on Deception Mountain. Logging and sampling of drill core is currently being completed, and results will be released when available.

Drill highlights from 2011 and 2012 at the RC prospect include 7.35 metres of 1.22% tungsten (W03), 19.4 metres of 0.82% tungsten, 11.0 metres of 0.80% tungsten, 20.0 metres of 0.63% tungsten and 24.7 metres of 0.68% tungsten. One kilometer to the south of the RC prospect, drilling at the BN prospect returned three intervals in hole F12-27: 4.1 metres of 1.78% tungsten, 14.8 metres of 4.0% tungsten and 24.0 metres of 0.79% tungsten including 5.8 metres of 2.01% tungsten. One kilometre north of the RC prospect, drilling at the BK prospect returned 5.0 metres of 0.68% tungsten. (Refer to Press Release dated November 19, 2012).

A grade of 0.7% tungsten contains 7.0 kg W03 per tonne of rock, and tungsten concentrate prices have recently risen to around $36/kg W03 with more refined APT (ammonium paratungstate) prices around $42.0/kg W03. Tungsten is regarded as a strategic and critical metal for industrialized countries. Over 50% is used in cemented tungsten carbide for making cutting tools for the construction, metalworking, mining, oil and gas drilling industries. The balance is used for heavy alloy in applications requiring high density such as electrodes, filaments, wires, and other components for electronic, heating, lighting, welding, steels, super-alloys, wear-resistant alloys and chemicals for various applications. Zinc and indium also occurs with tungsten at the Fox property. Indium is a rare metal used in liquid crystal applications such as touch screens and prices have also risen to over US$550/kg ($5.50/gram).

The near surface setting, proximity to infrastructure and presence of high grades are thought to make the Fox property a unique and attractive new discovery in the global tungsten sector.


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Tungsten carbide powder market continues to be quiet in China.

The demand from the cemented carbide market does not show obvious improvements at present, and the downstream customers only purchase from hand to mouth with watching attitudes.

The trading volume is small in the spot market. The tungsten carbide powder offer keeps stable as whole. 

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

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