The two listed companies in Australia recently updated its latest progress of the project in southwest England. Wolf Minerals  signed a construction contract about Hemerdon tin-tungsten project in Devon.At the same period, a new era of exploration companies  announced a preliminary JORC compliant reserves forecast data about the Redmoor project in Cornwall.

Wolf Minerals signed a subject of 7,500 million pounds contract  and commissioned the GR Engineering Company  responsible for its annual production capacity of 300 million tons of ore processing plant design, construction and commissioning work accordingly. Later this year, after the last financing in place for the open-air mining operating plan, the construction is about to start. The mine will produce 3,500 tons per year of grade 0.65 tungsten of ferromanganese concentrate and 450 tonnes grading 0.4 tin concentrates.

Core Tip: waste tungsten market slightly lagging behind and still in a buoyant atmosphere.The merchant mentality has not been weakening, a low offer continue to move closer to the high,turnover was acceptable and waste tungsten market is expected to remain stable operation in short-term.

Waste tungsten prices keep stable and inflation. The trading price domestic waste tungsten blade that does not tax most concentrated in the 171-174 yuan / kg, imports blade 180-182 yuan / kg, scrap tungsten drill 190-192 yuan / kg, scrap pure tungsten blocks 210-214 yuan / kg, up 1-2 yuan. Scrap tungsten grinding material W content of more than 70 degrees mainstream transaction price of 1.76 yuan / kWh; 50-70 degrees 1.66 yuan / kWh; 30-50 degrees 1.5 yuan / kWh, steady.

Contract situation is not ideal, tungsten ore market gradually stabilized, the merchants shipped enthusiasm also increases. Waste tungsten market slightly lagging behind, is still in a buoyant atmosphere, the merchant mentality has not been weakening, a low offer to continue to move closer to the high turnover was acceptable, short-term waste tungsten market is expected to remain stable operation.

International markets, overseas tungsten City flat to down. The evening MB Ferrotungsten quoted on the 8th of 39-39.5 dollars / kg of tungsten, the overall decline of 0.5 U.S. dollars; the ammonium paratungstate quotes 319.375-342.125 USD / metric ton, continue flat.

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Hunan Province issued the 2013 Annual tungsten, antimony, rare earth mining total control indicator (first batch) notice. 2013 annual province tungsten, antimony, rare earth mining quota of total control is implemented in accordance with the provisions of the Ministry of Land and Resources issued in batches. In the first batch issued indicators, tungsten concentrate (tungsten trioxide content 65%) of mining total control indicators 11,300 tons, the main mining indicators of 9250 tons and 2050 tons of comprehensive utilization of indicators; quota of total control of the antimony ore (metal) mining 18,000 tons; ionic rare earth ore mined (rare earth oxides RED) quota of total control of 500 tons.

The annual mining total control targets will according to the Ministry of Land and Resources issued the province's second batch of indicators, combined with the national industrial policy, changes in the market situation as well as the region, the relevant enterprises a comprehensive evaluation of the implementation of the first batch of indicators be splitting the.

June 30, in addition to the circumstances prescribed by the Ministry of Land and Resources issued the notice of the 2012 annual tungsten antimony mine rare earth mining total control indicator (first batch) to continue to suspend accepting new tungsten, antimony, rare earth mine exploration and mining of the application for registration. Respective Municipal Bureau of State Land and Resources to do the implementation of the 2012 tungsten, antimony, rare earth ore mining quota of total control verification. Shall not be used beyond the year 2012 unfinished mining quota of total control.

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Gan County  tungsten industry realized main business income of 6.62 billion yuan in 2012, a year-on-year growth of 26.9%, the tungsten industry driving large-scale industrial growth by 7.5 percentage points. The tungsten industry has become the leading force to promote the county's economic developments.


In order to make  Gan County tungsten industry bigger and stronger,  we should firstly unify integration planning and promotion to achieve the optimal allocation of resources and put emphasise on  strengthening of large enterprise groups with Jiangxi University of Science and Technology, the National Center for tungsten seized, city technology innovation center cooperation and scientific research institutes, and strive to improve the value-added  of products and extend the industrial chain. And then make the leading enterprises stronger, World Rui focus on new materials, new materials Yuanchi Jiangxi Tungsten tungsten alloy strength leading enterprises have the potential to give support in the capital, water and electricity supply, policy, personnel. Give priority to the supply of raw materials, implement county optimal allocation of resources, and guide resources gather to leading enterprises, and promote the industry bigger and stronger. At the same time, speed up scientific and technological innovation,  put the role of fiscal into full play  to support enterprises to expand their reproductions and technology updates, transform technological achievements, guide enterprises from the rough to the development of deep processing. And we should  take the science and technology, saving, environmentally friendly way of developments. Currently, there are 10  tungsten processing enterprises in the county which the main business revenue is over 100 million yuan.The  number of tax exceeding ten million is 4.

 

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Two Australian listed companies dealing in ore exploration  updated their lasted progress in southwest of English. Wolf Minerals drew up a construction contract for its tin/tungsten project in Hermerdon,Devon, meanwhile, New Age Exploration Co. publicized a set of statistics for its project in Redmooor, Cornwall. 

A few days ago, learned from the Land and Resources Department of Jiangxi Provincial, Fuliang County,Zhuxi peripheral copper polymetallic ore investigation and evaluation is the key project of the Provincial Geological Prospecting Fund. Provincial Geological Prospecting Fund started in 2010 and continues until 2012. Three years of cumulative investment of 32.55 million yuan, has completed 13drillings, 15,800 m of drilling work and analysised various types of samples 8,804 in all.

In Zhuxi mine, not only found a thick tungsten ore body, but also found the symbiosis of copper, zinc body, with a large thickness, taste rich, symbiotic minerals more. 2013-2015, intends to invest 327.7 million yuan for exploration. Zhu Creek Mine has the resource potential to find large copper deposits and very large tungsten deposit, the formation of a new large-scale mineral resource base, is an important prospecting results Jiangxi Province prospecting breakthrough strategy action expected social and economic benefits of great significance.

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A few days ago, we have learned from the Jiangxi Provincial Land and Resources Department  that  the project of Zhu Creek in Fuliang the peripheral copper polymetallic ore conducting the investigation and assessment is a key project of the Provincial Geological Prospecting Fund. Provincial Geological Prospecting Fund started it in 2010, 2011 and 2012 sequel. The cumulative investment of three years is 32.55 million yuan. They have completed 13 drillings during these 3 years,  the workload of drilling is about 15,800 m, the various types of analysis samples are 8804 pieces. In the Zhu Creek mine,  we not only found a thick tungsten ore, but also had the symbiosis of copper, zinc ore. This mine has the features of  large thickness, rich taste, more symbiotic minerals.

From the year of 2013 to 2015, the Provincial Geological Prospecting Fund intends to invest 327.7 million yuan for exploration. Zhu Creek Mine has the resource potential to find large copper deposits and very large tungsten deposits,  it can become a new large-scale mineral resource base. The Zhu Creek mine is an important prospecting result of prospecting breakthrough strategy actions in Jiangxi Province. This important prospecting result brings great significances in both social and economic benefits.

 

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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.

MP Jean Baptiste Zimulinda said that contrary to what foreigners believe, it is "simple logic" that Rwanda has lots of minerals, especially since all its neighbours have them.

Zimulinda said: "Be it in the west, in Karongi, or many other parts of the country, we have minerals. But apart from that, it is just simple logic. It can't be that, Uganda, Tanzania, Congo [DRC], and Burundi, have many minerals and we have none."

Like many other lawmakers, MP Charles Kamanda commended government for putting emphasis on the sector's development "as it can do very much in liberating Rwandans from the bondage of foreign aid."

According to the Premier, latest preliminary findings, in four areas - Nyagatare, Kirehe, Muhanga and Nyamagabe out of the 21 country zones suspected to have substantial mineral deposits, indicate that the country has gold, copper, zinc, lead, silver, rare earth elements, tin, niobium, tantalum and tungsten. A Germany company called "BEAK" has finished exploration.

"We believe that the results from this research will add clarity and increase the number of potential investors in mining," the Premier said.

Rwanda's economy was, in the past, centered on coffee, tea and tourism but the mining sector has increasingly attracted more attention.

The government has prioritised addressing challenges such as local capacity in terms of skills and high-level expertise, illegal mining, information on the available mineral wealth, and others.

The Integrated Polytechnic Regional Centre (IPRC) - Kigali announced recently that it had introduced a mining course, Advanced Diploma in mining that is expected to produce skilled technicians in the field of mining.

This makes it the first institute in the country to offer this course which will help in bridging the skills gaps.

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Core Tips: domestic tungsten ore quotes stabilized, the shipment will increases and most of department of tungsten mainly stabilized in short term.

Domestic tungsten ore quotes stabilized, the shipment will increases, some high-priced may be up to 1.6 yuan / kWh.Sodium tungstate market demand improved slightly, waste tungsten steel prices continue to increasing ,the prices of domestic blade even reached 175 yuan / kg. The atmosphere of tungsten market declined slightly, and manufacturers around watching again. In the case of lack of a large number of transactions support, most of department of tungsten mainly stabilized in short term. Macro aspects ,the scale of social financing in February year-on-year increase was 78.7%,February CPI rose 3.2%, the possibility of monetary tightening increased.February unemployment rate hit the lowest in the past four years and the U.S. job market continues to improve.

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Important Tips: The tungsten ore market  in domestic is increasingly active.Tungsten ore businesses are reluctant to sell holding stocks, because  the price of tungsten ore  is still rising in  a short-term. The outer  performance of  molybdenum is not good, and the market trend of  molybdenum  is weaking. The consolidation of  molybdenum in domestic market  is vulnerable.

Tungsten Market: The  tungsten ore market in domestic is increasingly active.Tungsten ore businesses are reluctant to sell holding stocks, because  the price of tungsten ore  is still rising in  a short-term. The  manufacturers of sodium tungstate temporarily maintain a pre-holiday price and the market is relatively calm. As the part of tungsten carbide powder, it continues to wait and see. Some businesses tempted to adjust the price. Scrap tungsten steel continues to have a steady run. We expect that  the price of some tungsten-based products has  a slight rise in the short term.


Molybdenum Market: Recently  the molybdenum market is underperforming,  and the market trend of molybdenum is weak.  When the molybdenum market  is weaking, part of the businesses  is difficult to make right judgments on  the market outlook.  So it is a short-term policy  that molybdenum businesses maintain waiting and seeing. We expect that in the  short-term molybdenum market is difficult to  have greater fluctuation.



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