The second phase in tungsten mining in ASX-listed involves reverse-circulation and diamond drilling on 80-m-spaced section lines over 800 m, while the third phase will feature further in-fill drilling on selected section lines, at 40 m intervals.

Subject to ongoing positive results, Tungsten Mining’s current activity is the first of, and a major component of, studies that are being conducted as the basis for a full feasibility study.

The minerals mining junior intends to carry out the feasibility study over the next eight to 12 months, to determine the commercial viability of a mine at Kilba.

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The quote tends to weak and the atmosphere of wait-and-see becomes strong. Recently, tungsten market is weak and watching atmosphere becomes strong in the market. The upstream raw tungsten mine transaction prices gets down and APT needs is bleak.

The expection of businesses turns empty. And affected by the regulation of real estate, demand of steel gets weak, the ferro-tungsten market has poor shipping, and the prices turn slightly stagnant, while the tungsten powder prices are relatively high. Businesses offer almost more than 275 yuan / kg nearby. There may be some downside adjustment in individual tungsten products for short-term.

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Western Australia-based mining junior Tungsten Mining reports that it has started with the second- and third-phase drilling programmes at its flagship Kilba tungsten project, which are due for completion by the end of the first quarter.

Following positive final analysis of the first eight holes of its Phase 1 drilling programme, the company will now focus on the rapid evaluation and development of the Kilba project, which is located in the Ashburton district of Western Australia.The project boasts a strong pipeline of other potential tungsten projects in both Western Australia and the Northern Territory.

“The positive results have provided us with significant momentum in exploration,” Tungsten Mining MD Paul Berndt notes, adding that the analysis confirmed the exploration work of chemical and polymers company Union Carbide, which was conducted in the late 1970s and early 1980s.

The ASX-listed company started with diamond drilling in November last year to confirm the presence of the high-grade tungsten mineralisation indicated by Union Carbide three decades ago.The final analytical results from the first eight holes confirm the high-grade nature of course-grained scheelite mineralisation.

Berndt explains that tungsten mineral- isation is associated with a sedimentary package containing skarn, calc-silicate and sedimentary units. The mineralised horizon contains multiple skarns that are often high grade in nature, and enclosed in lower-grade scheelite mineralisation, and which are hosted by calc-silicate and sedimentary units.

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Recently, there is a big change in Europe ferro-tungsten,steel, and copperer market.

Ferro-tungsten prices in are at a two-year low due to a fall in steel production and manufacturing generally. Roger Bade, at London's Whitman Howard, says the collapse of demand in Europe is also having an impact on ferro-molybdenum and ferro-vanadium prices.
With increasing tungsten production coming out of Vietnam (and a new mine about to start up in South Korea), a price rebound is not expected in the near future.

Steel demand in Europe is expected to fall again this year -- which, of course, has its portents for iron ore.

Bade has a point to make here, too. After hearing the Sydney-based AME Group's presentation at the Mines & Money conference in Hong Kong, Bade wrote in his overnight client note that "apparently the reason why Rio Tinto is ramping up iron ore production so much is to get the price down, such that the West African projects don't happen, while at the same time pressurising Australian politicians to change the minerals resource rent tax for the forthcoming general election".

And here's another tale of woe: copper. On Tuesday night, London Metal Exchange warehouse inventories of the red metal hit another 52-week high, this time 547,025 tonnes -- a nine-year high. That was up 24,775 tonnes over just three business days, with 18,100 tonnes landing in warehouses on Monday alone.

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