Rwanda's revenues from mineral exports are set to triple - from US$136.6 million (over Rwf87 billion), in 2012, to US$409 million (about Rwf261 million), by 2017, according government projections.

Prime Minister Dr. Pierre Damien Habumuremyi announced the forecast yesterday while briefing both chambers of parliament on the state of the country's mining sector.

The government is particularly determined to cease exporting unprocessed raw materials as it mulls plans to boost value addition to boost revenues, the premier said.

In 2012, he said, mineral exports were 28 per cent of the country's exports compared to tea and coffee which accounted for 14 and 12.6 per cent of total national export revenues, respectively.

The country's top forex earner - tourism - fetched US$281.8 million [over Rwf180 billion] last year, counting for 58.4 per cent of total export earnings.

Dr. Habumuremyi said, "Exploration will be concluded with the intention of knowing exact locations of other high value minerals, with special emphasis on gold, copper, lead, zinc, silver and other rare earth elements (REE)."

He stressed that processing Rwandan mineral exports to add value so that they earn more on the international market will be a government priority.

Mining will continue to be among the first two foreign exchange earners for Rwanda. To achieve this, he said, several activities are in plan. They include, the privatisation of mines "such as Bisesero and Kigali Nord" as well as shedding off government's shares in Gatumba and Rutongo mines.

"The amount of these shares will be known towards the end of this month when a team of experts led by finance ministry will present the report on an audit they conducted."

The Premier said government is working to fine-tune the process of licensing mineral exploration and mining as well as the management of its mineral resources.

Apart from continuing wooing private local and foreign investors, and monitoring them, miners using outdated methods and technology will be trained to enhance their technical capacity and, large government concessions will be subdivided to ensure better management, he said.

The government plans to increase the number of local mineral experts, from the current 43 to 83, especially since foreign expatriates are costly.

He agreed with lawmakers that government must as well, among other things, step up measures to improve the well being of locals involved in the lucrative sector by stepping up safety measures and ensuring people have adequate medical insurance cover and other special necessities.

He said the safety of Rwandan miners is a top government priority.

A mining law is being reviewed by Parliament to streamline issues in the sector.

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Cree introduces an LED bulb that mimics the design and shape of traditional incandescent bulb to entice consumers to try LEDs.

If you’ve had any experience with LED light bulbs, you know they can look pretty odd. Cree today introduced a bulb that mimics the traditional incandescent bulb design in every way–except its inefficiency. 

The bulb is the first consumer bulb from Cree, which primarily supplies LED semiconductors to other lamp makers. There are three products: a 40-watt equivalent and two 60-watt equivalents with different color light. They’re available from Home Depot online now and will be made available in stores this month priced between $9.97 and $13.97.

What’s most notable is that bulbs have the same glass dome as incandescent lights and there isn’t a large metal heat sink. The first wave of general-purpose LED products have heavy metal fins to wick away heat from the LED light sources, which helps ensure life. The Cree bulb uses the same glass as an incandescent but has a rubber coating to prevent shattering.

In an incandescent bulb, a tungsten filament in the center of the glass glows to give off an even, warm light. Cree designed a “filament tower” that places a series of pin-hole-shaped LEDs in the same location as the traditional filament. I installed one yesterday and the effect is a similar light output as a traditional bulb and even light distribution. 

Having a familiar shape is very important to spur more consumers to consider LEDs as a replacement for incandescent bulbs, says Mike Watson, the vice president of corporate marketing. “Consumers actually love that particular (incandescent bulb) product. It’s the shape they’re used to and it gives off a warm glow they expect, but it’s grossly inefficient and has a short lifetime,” he says. Cree’s bulb uses high-power LEDs which means it can work with a smaller heat sink, which appears like a collar around the base of the bulb.

An incandescent bulb lasts about 1,000 hours, while most LED bulbs are rated to last 25,000 hours, which can be 15 or 20 years depending on usage. The Cree bulb has a 10-year warranty.

Cree designed the bulb so that its optics mimicked a traditional incandescent light bulb.

A 60-watt equivalent Cree LED bulb that gives off 800 lumens uses 9.5 watts for the warmer-colored light. The color rendering index, a measure of light quality, is at least 80.

Other LED lighting companies are also changing their designs with the hopes of appealing to more consumers. The first LED bulbs from Philips looked a bit like a crown because its yellow-colored phosphors were placed on top of the bulbs. In response to consumer requests, Philips has adopted a lighter-weight heat sink and moved the phosphor in its latest products so it better resembles the classic incandescent bulbs. 

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MML has made a €17.3m investment into Irish based ATA Group to fund the acquisition of the US based SGS Tools’ Bur business.

Led by CEO Peter Cosgrove, the transaction is expected to create a global leader in tungsten carbide bur production and positions the business for further international growth.

MML will hold a 65 per cent stake in the combined business alongside management and FL Partners.


ATA is a global producer of tungsten carbide rotary files, known as burs. Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across industries including aerospace, marine, oil & gas, automotive and power generation.


Based in Cleveland, USA, SGS Tools Group produces tungsten carbide end milling tools and drills plus carbide burs.

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Ferro-tungsten prices slipped to $39-39.50 per kg in Europe on Friday March 8, in a well-supplied market without the demand to support it.

Metal Bulletin’s in-warehouse Rotterdam quotation stood at $39.50-39.90 previously, and suggestions have now emerged that prices could soon drop below $39. “There was a bit of interest from traders. They’re thinking of stocking up at these levels,” a trader told Metal Bulletin. “I don’t know of anyone else who would be buying. It’s..."

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tungsten rings manufacturer and retailer has lowered the price of Tungsten Watches to $50 for the month of March only. The tungsten retailer primarily focuses on marketing their large collection of rings and feel that the Spring season would be a good time to start marketing the collection of tungsten watches and bracelets. Forever Metals tungsten watches retails for $99 and has 7 unique styles to choose from for both men and women.   

Tungsten Watches by Forever Metals come equipped with tungsten metal and a Swiss 785 movement. All watches have a scratch resistant sapphire crystal lens providing an extremely hard glass face. All watches have been tried and tested for accurate time keeping and water resistance.

Forever Metals urges customers to shop with confidence when choosing tungsten carbide. Tungsten is a strong, durable metal that can hold up to any beating. The high polished finish is also extremely scratch resistant which make the metal popular for those that work with their hands.
 

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Tungsten Market Quotes: Minmetals’ guidance prices continue to be flat in March, tungsten ore market inquiry form increased and shipments will is enhanced enhanced .APT price keep steady  to rise, high price has raised to around 178,000 yuan / ton, the quoted market price of tungsten carbide powder artificially high.The procurement ability of downstream Carbide corporates are weaken, waste tungsten steel businesses keep optimistic mentality, no hurry to ship and stably operate for short.

Ganzhou Tungsten Association guide price in March compared with February a slight rise, the tungsten market or re-warming. Held cargo miners offer range widened space up even more prominent phenomenon the tungsten iron market stimulated by the price of raw materials, manufacturers price gradually pulled tungsten carbide high-priced resources increased, but the actual turnover of follow-up difficult. We expect slow uplink, the overall tungsten City short term market steady market settlement prices of many running low.

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According to MB(Metal Bulletin) an English paper, market quotes of tungsten in Rotterdam on 6^th this month was $39.50-39.00 per kilogram, dropped 10 cents. Many marketers reckoned there is still some room for the price to fall by the end of the first quarter.

“a business couples quote the current price at $39-39.5 per kilogram, but there has yet any news. I am not expecting to enter the market, I will wait and see.” A merchant said. The market is stalling at a down spiral, anther merchant suggested that the market won’t recover soon, “ My initial quotation is 40 dollars, some customers were willing to make the deal, but it turned out that the price was far below 40.”

“I heard that the price will stall at some point between 39-40, but I don’t think the downward trends will stop” One gentle man said, added the Rotterdam’s quotation is at its lowest point since December, 2010, marketing transactions is cool and profit margin is contracting, even quite a few businessmen are at lost.

A man expressed his frustration with tungsten market saying “ tungsten business hard to run and no positive signs can be seen though, suppliers seem to be not ready to ship their goods.  

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Yesterday, Colt Resources announced the signing of a binding letter of intent for the option to purchase roughly 247 acres (equivalent to 1.0 km² aka 100 hectares), on which the company plans to construct the necessary surface mining infrastructure for the Tabuaço tungsten project in northern Portugal. The parcel of property, known as Passa Frio, would serve as the site for the processing plant (including jaw crushers, mill and concentrator), warehouses, dams and tailings impoundment facility needed to bring the mine into production. The property is situated away from residential areas and already is zoned to permit the construction of the off-site processing infrastructure. Over the next months, Colt Resources will have the property surveyed to verify legal title. Thereafter, for a payment of €100,000, Colt Resources may enter into three-year option enabling the purchase Passa Frio for €350,000.

The Tabuaço tungsten project is comprised of a scheelite (tungsten) deposit with a NI 43-10-compliant indicated resource estimate of 815,000 MTU WO₃ (1,495,000 tonnes grading 0.55% WO₃) and an inferred resource estimate of 720,000 MTU WO₃ (1,230,000 tonnes grading 0.59% WO₃). A portion of the deposit underlies a port wine vineyard on the western terraced slope of the Távora River valley. In August 2011, Colt Resources acquired 140 hectares of surface rights, which includes the Senhora do Convento vineyard and operational winery that produces port and red table wines. By securing the land over most of the São Pedro das Águias deposit, the company has unencumbered access to a large part of the project area, including the site which is most suitable for the entrance to the planned underground mine.

As demonstrated by this and preceding announcements, management is fast tracking the development of the Tabuaço tungsten project. The Experimental Mining License (EML) for Tabuaço was granted by the DGEG in February, and work on a preliminary economic assessment (PEA) continues. Management anticipates the PEA to be completed during the second quarter. Thereafter, management plans to conduct a pilot mill test on approximately 20 metric tons of scheelite ore. Also, the potential production of fluorite concentrate as by-product will be examined

Management continues to be engaged in discussions with undisclosed potential partners to bring the mine to production at Tabuaço within two or three years. We would expect that the development of Tabuaço would be structured in a manner similar to the Penedono joint venture with the partner providing capital and further developing the project in order to earn a substantial stake in the concession. In this manner, Colt Resources would be able to focus its capital resources on the development of the Boa Fé gold project in southern Portugal. Nonetheless, management plans on bring the Tabuaço scheelite mine to production in 2015.

We reaffirm our Outperform rating and recently raised price target of $2.15, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

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AIM-listed mineral and development companyThor Mining has unveiled its half yearly report for the six months ended December 31st showing an operating loss of 750,000 pounds. 

The group reported a loss for the period of $744,000, compared to a loss of $469,000 in the six months ended December 31st 2011.

An impairment of exploration assets was recorded at 259,000compared to $117,000 in the corresponding period one year earlier. 

A basic loss per share of 0.09p was recorded. 

Thor Mining reported that it was "well positioned for discussions with third parties on potential off-take agreements for the Molyhil Tungsten project." 

     

It said that it had funding throughout the period with a A$1m secured debt facility from a private investor and the group reported a resource upgrade at its Spring Hill gold project. 

In its review of operations, the company stated: The company has continued to make progress on its projects and whilst this has been slow and at times frustrating, the company remains well positioned in its discussions with third parties on potential off-take agreements for the Molyhil Tungsten project and the prospects for Spring Hill and Dundas continuing to improve. 

He reported a resource upgrade at the Spring Hill gold project and elevated levels of nickel and copper being found at Dundas. Importantly, the company has been able to attract additional funds to progress these projects and the directors were delighted to recently announce further funding after the period end."

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Armament Systems and Procedures (ASP) expanded its Tungsten light family with the introduction of the new Tungsten USB.

The Tungsten USB can be recharged on the go using a laptop computer or any micro USB cellphone charger.

ASP's Transitional Lights are intermediate size lights with full size performance. They have machined grips and advanced user interfaces.

Powered by ASP's custom-made 18650-Lithium Ion battery, the Tungsten USB's latest XPG2 LED light produces a powerful 275 lumens of ultra-white light with a continuous runtime of approximately three hours. The Tungsten USB's battery has a protection circuit module to prevent overcharging or short–circuiting, and the battery indicator on the light blinks red when charging and turns solid green when fully charged.  

The linear form factor of the Tungsten USB makes it easily carried lens up or lens down. It’s built with precision-machined high strength aluminum with a Type 3 matte black, hard coat anodized finish. It has a 3-position switch (intermittent, locking and constant-on). The center locking position guards against accidental activation.

The Tungsten USB comes with a detachable and reversible pocket clip, a Micro USB to USB retractable cord, a car charger, a wall charger and a zippered travel case. The MSRP is $105.

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