Tungsten Powder Price

Wolf Minerals a 'buy' - Analyst

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:47; Written by Elva; Hits: 2497

Shares in Wolf Minerals(WLFE) rose over 11% on Wednesday after it awarded a £75 million contract to Australia-based GR Engineering Services for the Hemerdon tungsten and tin project in the UK.

The fixed-price, fixed-term engineer procure construct (EPC) contract is for the design, construction and commissioning of a three million tonne-per-annum tungsten and tin mineral-processing plant, plus associated infrastructure, which will form "the key component" of the Hemerdon project.

The contract price is less than the £77 million estimated in a May 2011 definitive feasibility study. The contract forms the bulk of the development costs, estimated to be about £104 million, with land purchases, owners' costs and contingencies making up the balance.

Work on the two-year construction will commence upon satisfaction of the conditions precedent to financing.

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Hemerdon Mine Firm Wolf Minerals Posts $2.5m LossWolf Minerals

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:32; Written by Elva; Hits: 2485

The Australian firm behind £130 million plans to re-start mining operations on the outskirts of Plymouth made a loss of $2.5 million in last six months of 2012.

It comes after an announcement yesterday that Wolf Minerals had awarded a £75 million design and build contract for the scheme's processing plant to fellow Australian firm GR Engineering.

The mine, at Hemerdon, is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.

Last month, a New Zealand-based business TTI (NZ) Ltd bought a 19.9% interest in the company as part of a $20.3 million share placement exercise to raise funds to provide working capital to progress the scheme – specifically by buying homes near the site of the mine.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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2013.03.08 Xiamen Tungsten Co Ltd (600549.SS)

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:05; Hits: 2461

Xiamen Tungsten Co., Ltd. is principally engaged in the smelting, processing and distribution of tungsten, molybdenum and other non-ferrous metal products, as well as the property development business. The Company operates its businesses through production of non-ferrous metal products, property development and management, as well as development and distribution of new energy materials. The Company operates its businesses in domestic and overseasmarkets.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Blackheath, Avrupa, Drill Additional High Grade Tungsten Mineralization at Covas JV, Portugal; Avrupa Shares Jump 42% From Yr Low

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:12; Written by Elva; Hits: 2466

Blackheath Resources Inc. (BHR.V) and Avrupa Minerals (AVU.V) today reported further drilling results from the Covas Tungsten Project in northern Portugal.

Highlights:

1.56% WO3 over 11.40 metres at Lapa Grande including

2.89% WO3 over 5.10 metres in Hole CO 13-12

0.79% WO3 over 1.55 metres at Telheira in Hole CO 10-12

2.11% WO3 over 7.98 metres at Telheira including

4.24% WO3 over 2.55 metres in previously reported Hole CO 7-12

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Ferro-tungsten Prices Drift Down on Persistent Weak Demand

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 08:48; Written by Elva; Hits: 2543

Ferro-tungsten prices in Europe drifted down further on Wednesday March 6, as demand weakness pervaded the market.

Metal Bulletin’s in-warehouse Rotterdam quotation now stands at $39.50-39.90 per kg, down 10 cents on the top end, and market participants have suggested the price will slip still lower before the end of the first quarter. “I’ve spoken to a couple of traders and they mentioned $39-39.50 per kg.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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