China has the richest tungsten resources in the world, its tungsten ore reserves account for 58.95% of the global reserves and it provides the tungsten supply of about 85% for the global every year. In 2012, the new increased resource reserves of tungsten (WO 365%) were 200,000 tons and the output of tungsten concentrates (WO 365%) was 131,100 tons

Following its recent announcements on beginning to draw down its financing facility and the award of its fixed price, fixed term EPC Contract for the design, construction

And commissioning of a 3 million tonne/year tungsten and tin mineral processing plant at Hemerdon in the UK to Perth’s GR Engineering,

Wolf Minerals has now announced the award of a pre-strip and mining contract for the project to UK contractor CA Blackwell (Contracts) Ltd.
 

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Black Fire is keen about the future prospects at Pilot Mountain as tungsten prices have risen about 25% to about US$410 per tonne in the calendar year to date.

Pilot  Mountain is located about 250 kilometres southeast of Reno, Nevada. It is well served by nearby infrastructure, including sealed roads, nearby towns and mains power lines.

Besides the JORC Resource, the company’s drilling and compilations of historic data has also identified an Exploration Target of 10.8Mt to 12.5MT at between 032% and 0.35% WO3.

This reflects opportunities at the Garnet, Gunmetal and Good Hope prospects where historical drilling intersections require follow-up.
 

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Black Fire Minerals (ASX: BFE) has reached an agreement with Pacific Gold Corporation to accelerate the transfer of the title to the Pilot Mountain Tungsten Copper project in Nevada by paying an initial US$350,000 (A$383,966).

This will give Black Fire full title to the mineral claims covering the project, which has a JORC Resource of 6.79 million tonnes at 0.31% WO3, 22.8 grams per tonne silver and 0.17% copper.

The company has also agreed to pay PGC a further US$850,000 by 31 March 2014 to retain title to the claims.Under the original agreement, Black Fire could only achieve title once it had paid all outstanding options totalling US$1.5 million by September 2015.
 

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Rising Chinese inflation is also likely to push tungsten prices higher. A number of companies in Europe are in the process of establishing new tungsten mines to try to meet the expected gap in supplies.

Ormonde Mining (LON:ORM) is awaiting final permitting for its Barruecopardo tungsten mine in Spain that will produce 227,000 tonnes per year.

W Resources (LON:WRES) is also busy in Spain, exploring and defining a new mine and tailings treatment plant at La Parilla in the south-west of the company.

In the UK, Wolf Minerals (LON:WLFE) has just started development of its Hemerdon project in Devon having agreed a financing package.
 

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Tungsten is one of a number of “critical elements” that will become increasingly scarce from 2015, according to a well-known mining consultant.

Lara Smith, managing director of South African group Core Consultants, told the Geological Society of South Africa that tantalum and certain types of rare earths would also be become much harder to find over the next three years.

The European Union and the US Department of Defence have already put these three metals at the top of their critical list. China is the world’s main producer of tungsten but is now the major user as well.

The Chinese already account for more than half of world appetite and with thier tungsten demand growing rapidly, they have adopted measures to protect supplies

This is throwing up huge opportunities for the development of tungsten ores, concentrates and intermediary products outside of China, said Smith.
 

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Black Fire Minerals (ASX: BFE) had been granted a trading halt  last friday, with its shares placed in pre-open, pending the release of capital raising details.

Earlier in the week the company reached an agreement with Pacific Gold Corporation to accelerate the transfer of the title to the Pilot Mountain Tungsten Copper project in Nevada by paying an initial US$350,000 (A$383,966).

This will give Black Fire full title to the mineral claims covering the project, which has a JORC Resource of 6.79 million tonnes at 0.31% WO3, 22.8 grams per tonne silver and 0.17% copper.

The company has also agreed to pay PGC a further US$850,000 by 31 March 2014 to retain title to the claims. The halt will last until the earlier of an announcement being made to the market, or the opening of trade on  9th July 2013.

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 London brokers RFC Ambrian said Ormonde was undervalued by the market. It believes the project would get full permission before the end of this year and is confident of local support in the area, as it is very much in need of employment.

"Local infrastructure is excellent, as one would expect within the EU. The area is a historical mining area and well linked by road and power. There is a local supply of water for processing and a local supply of labour. Tungsten is viewed as a strategic metal with no substitute available," said the broker.

Ormonde is currently trying to secure funding for the development. Chairman Michael Donoghue said discussions with a range of banks for loans as well as with parties who might provide finance in return for equity have advanced.

Its feasibility study on the mine said that over a nine-year span, the mine would generate cash flows of €29m per year.As well as its tungsten operation, Ormonde mines copper and gold in Spain.
 

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Tungsten is the second-hardest metal in the world, after diamond, and is used in aerospace and drilling.The drilling company has got approval from the Spanish provincial government for the Barruecopardo mine, which is located in Salamanca.

This is the last hurdle to be cleared before getting approval from Spain's federal government.Currently, China supplies about four-fifths of all the world's tungsten but Ormonde says the mine will be a major and secure European source for the metal.

It says the site will be able to supply 8pc of all tunsgsten sourced outside of China.Ormonde expects to be able to sell tungsten produced from Barruecopardo at about $350. This would pay back the cost of developing the well in about two and a half years.
 

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Almonty Industries Inc. announces that it has successfully restarted operations on June 29, 2013, six days after temporarily suspending mineral processing activities at its wholly owned Los Santos Project as a result of an electrical fire on June 23, 2013 that destroyed its diesel generator power supply and caused severe damage to its electrical switching infrastructure.

The restart was accomplished utilizing a portable 4 generator power installation that the Company has rented.  Almonty intends to rent the portable power installation until such time that the connection to the state electricity grid is complete in August 2013.

The Company will restore normal shipments of tungsten concentrate shortly and continues to work with its insurance adjusters to determine the extent of the damage and business interruption that is covered under its insurance policies.

Lewis Black, Chief Executive Officer of Almonty commented, "We are pleased to have been able to restart operations in such a short time after the fire and will be able to sustain normal operations through the use of temporary diesel generators with no impact on production. As a result of advancing our planned quarterly maintenance shutdown to coincide with the temporary stoppage, the ore that has been mined and stockpiled during the past week is expected to be processed during the month of July. Work on our connection to the state electricity grid continues on schedule and we expect to complete our connection during August 2013."
 

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