Minerals Hemerdon Project Moves fast

Details: Category: Tungsten's News; Published on Thursday, 18 July 2013 21:33; Hits: 2102

APT tungsten prices are holding steady at $400 to $410 per metric ton unit (mtu). And with summer coaxing tungsten traders into relaxation, tungsten exploration, development and mining companies are hard at work on their projects.

One of the fastest-moving brownfields projects for tungsten is Wolf Minerals‘ (ASX:WLF6) Hemerdon project in the United Kingdom. The ASX-listed company is working hard at developing the project in order to bring it back online.

In June7, Wolf reported the first drawdown from the US$82-million funding package by Resource Capital Fund. The company also announced the start of a GBP75 million (~AU$123 million) Engineer Procure Construct contract with GR Engineering Services.

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