Consumers inactive in purchasing tungsten carbide powder.

The tungsten concentrate and ammonium paratungstate prices(APT prices) move up further this week, and the tungsten carbide powder prices increase accordingly.

However, the downstream cemented carbide market is dull, and the tungsten carbide powder consumers are inactive in making deals.

An end-user for tungsten carbide powder based in North China expressed that they purchased some medium-sized tungsten carbide powder at RMB300kg.

You can visit the following links for more information about  tungsten carbide powder market. Thank you very much! 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:   sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

More disconcerting news poured out of the tungsten market last week, with Malaga filling of a Notice of Intention under the Canadian Bankruptcy and Insolvency Act and Stephen Leahy stepping away from his post as CEO of North American Tungsten .

Even APT tungsten prices decided to take a breather from a three-month climb, holding steady at $365-375 per mtu, according to Metal-Pages.

With that in mind, Tungsten Investing News decided to have a look at an exploration and development company that is working on a tungsten-molybdenum-tin project in New Brunswick: Geodex Minerals.

You can visit the following links for more information about  tungsten exploration . Thank you very much! 

North American Tungsten Corporation Ltd. (the "Company") is pleased to announce:

The Company has extended its CAD$12,000,000 working capital loan facility (the "Loan") with HSBC Bank Canada (the "Bank") until December 31, 2013.

A US$12,000,000 Letter of Credit ("L/C") backing the Loan is sponsored by two directors of the Company (the "Sponsors") and has been extended for the same period. The Sponsors and the Bank have similarly extended a "Put" Agreement that allows the Bank to exchange the outstanding balance under the Loan with the Sponsors for up to the US$12,000,000 L/C.

In exchange for extending the Put Agreement and the L/C, the Company has agreed to compensate the two Sponsors in the following manner;pay the Sponsors (in US dollars) on the last day of each calendar quarter, an aggregate amount equal to 1.25% of the maximum outstanding principal amount of the L/C during the immediately preceding calendar quarter (or portion thereof), which payments will begin September 30, 2013;

Pay to the Sponsors, an aggregate amount equal to US$2,000,000 (which amount includes the US$1,500,000 originally payable by June 30, 2013 under the original sponsor agreement) on the earlier of (i) the date the Loan is paid in full; (ii) the date the Loan is put to the Sponsors pursuant to the Put Agreement; or (iii) the date the L/C is drawn upon for payment of the Loan;

the Company has agreed to extend the General Security Agreement which grants security over the Company's assets including the MacTung project to the Sponsors. This is subordinated to the security under a Reclamation Security Agreement (see News Release of October 7, 2010);

Upon certain events of default the payments due to Sponsors on the last day of each quarter increase to an aggregate amount equal to 3.0% of the maximum outstanding principal amount of the L/C during the immediately preceding calendar quarter (or portion thereof); and the payment to the Sponsors will increase to US$2,500,000 from US$2,000,000;

Rreimburse the Sponsors' expenses in respect of this transaction; and subject to the approval by the TSX Venture Exchange, the Company will issue 5,000,000 share purchase warrants each of which is exercisable at $0.20 into one common share of the Company. The share purchase warrants will expire two years after issuance.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

China tungsten export prices move up.

China tungsten prices keep increasing this week, and the traders raise offers further this week.

However, the overseas customers only purchase from hand to mouth, and watch the market for a while. An ammonium paratungstate(APT) trader based in South China expressed that they intend to make offers for APT at USD400-410mtu FOB China this week.

You can visit the following links for more information about  tungsten prices. Thank you very much!