West African Minerals, Mandalay Resources, Premier African Minerals & Horizonte Minerals
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 16:04
- Written by jiang
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We are on the road to Mandalay (Resources), via extensive detours to Brazil and Africa at the next one2one forum, with Mandalay Resources, Horizonte Minerals, Premier African Minerals and West African Minerals comprising a mineral-rich schedule.
Mandalay Resources is that rare beast: a junior miner that pays a dividend. It has two mines in operation: the Costerfield gold/antinomy mine in Australia and the Cerro Bayo silver/gold mine in Chile. Both mines finished 2012 on a high, achieving record saleable volumes. All debt was paid off last year and did we mention it pays a dividend? We did, and so, in all probability, will chief executive Brad Mills, who will also cover the company’s recently announced resources upgrade.
Mills is also the vice-chairman of West African Minerals, an iron ore mining and exploration group with exploration permits in Cameroon and Sierra Leone. If the name of the company sounds familiar, that’s because it was one of the market’s best performing shares on the back of a 500% increase in 2012. Recent drilling results from its South Djadom licence in Cameroon point to a potentially very large iron discovery, and not just any old iron – we’re talking hematite, which can be easily processed to produce direct shipping ore, the most valuable type of iron product.
Sticking with Africa, but moving on to tungsten in Zimbabwe, Premier African Minerals is pushing hard to get its flagship RHA tungsten project in production by the end of the year. The company has completed a 1,302 metre five-hole drilling programme at RHA, uncovering two previously unknown well-mineralised quartz veins. Chief executive George Roach will explain how the company plans to develop this into a low-cost mine for this scarce and strategically important metal.
Horizonte Minerals operates in Brazil, a country famed for coffee, football and carnivals. What is often overlooked is the country has a well-established mining industry with the sort of infrastructure expected of a fast-growing economic powerhouse. That bodes well for Horizonte’s plans to develop its Araguaia nickel project, a world leading asset in terms of size and grade. Chief executive Jeremy Martin will outline how the company plans to deliver significant value uplift for shareholders over the next 12 to 24 months....... More news, prices and markets
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Tungsten Ore Market on March 11,2013
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 15:33
- Written by Elva
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Core Tip: Domestic tungsten ore market temporarily stable.From recent situation, tungsten ore market fundamentals into the short-term consolidation phase, and willingness of fire sale in mining enterprises is not particularly strong, while most of downstream processing enterprises take a cautious wait-and-see attitude and expected temporary stability of tungsten ore prices for short-term.
This the domestic tungsten ore market temporarily substantially stable, mainstream market price of 65 degrees wolframite concentrate 11.5-11.9 yuan / ton, the price of scheelite is concentrated in the 11.4-11.7 yuan / ton. Recently appeared, the basic tungsten ore market into the short-term consolidation phase, and the mining enterprises aspects Paohuo willingness is not particularly strong, while the downstream processing enterprises also the majority take a cautious wait-and-see attitude.
Market exercise alone now asking about the price subject to the majority of traders around the purchase offer is mainly concentrated in the 116,000 yuan / ton in the vicinity. A merchant, said, "Recently there are a lot of inquiry, but the price is mostly low psychological distance shipping price is still part of the gap." Obviously, both supply and demand different prices, traded slightly stalemate, and by the economic environmental fluctuations and terminal lack of consumer demand affect the expected short-term temporary stability tungsten ore prices.
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Waste Tungsten Market Prices on March 11,2013
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 14:54
- Written by Elva
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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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The Latest Progress of The British Tungsten Project
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 15:11
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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.
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Issued in 2013 Annual Tungsten, Antimony, Rare Earth Ore Mining Total Control Indicators of Hunan Province
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- Category: Tungsten's News
- Published on Monday, 11 March 2013 14:32
- Written by Elva
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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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