Black Fire Minerals 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 tungsten copper 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.

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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The C-Lever direct system is installed and operating in the Schöndorfer GmbH’s dolomite plant in Jettenberg, Austria. Their requirements were based on the exact dosage of dolomite tungsten carbide powder on a conveyor – at a mere flow rate of 300 up to 500 kg/h. The structural requirements basically didn’t permit an installation at normal height. With a minor height of just 670 millimetres, the C-Lever direct 12 PRE stood the test. Despite extreme dust development, further dedusting within the device itself could be waived. Stability was achieved through tungsten carbide coating that is applied to the gravimetric slide sensor during a thermal spray process. Tungsten carbide products are characterised by its very high wear resistance.

With tungsten carbide's coated gravimetric slide, the C-Lever direct accurately and consistently measures the ground dolomite rocks. Through this measured value, the customer is now capable of adjusting the flow capacity to the conveyor. The conveyor’s effective use now lies at 100 percent and isn’t overloaded.

Rembe says that, besides high accuracy, flexibility, simple integration and handling, their measuring system offers high process safety. This would be guaranteed by a patent-pending, friction-free measurement of the centripetal force. Compared to other bulk flow meters, the C-Lever gravimetrically measures the product stream at the sensor, in other words, without any mechanical components such as rotary belts, bearing or other moving parts. The manufacturer claims that this results in a substantial improvement of the current industrial standards of up to ± 0.2 percent at a turn-down ratio of 20:1 on the measuring range. Even minor flow rates of under 100 kg/h can be linearly measured. The C-Lever recognises and compensates various influences on the bulk flow, thus, measuring is not influenced by the numerous variable factors arising during the process. The steeply mounted gravimetric slide sensors prevent the product’s adhesion, which eliminates the zeropoint shift as a source of error. Elaborate pneumatic dedusting becomes history.


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China tungsten carbide powder prices stable.

China tungsten market is stable this week, and the customers and the suppliers are inactive in making deals.

The tungsten carbide powder prices are stable this week, and it is expected that the market will be quiet with few buying activities.

A source from a tungsten carbide powder factory based in South China, with an output of around 200 tons per month, expressed the tungsten carbide powder prices may keep stable for a short time.

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China tungsten metal prices keep stable.

The tungsten concentrate and APT prices moved up in the recent days, and most of the consumers mainly consumed the stocks and were still inactive in purchasing materials on the weak demand.

Therefore, the tungsten metal prices do not fluctuate. Tungsten metal market remains sluggish. There are a few deals being concluded in the market..

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European  ammonium paratungstate prices (APT prices)  stable, downstream market remains quiet.

European APT offering prices have held firm between USD390-395mtu in warehouse Rotterdam this week, and yet despite the strong signals from China suggesting that APT export prices will continue to increase above USD410mtu CIF Rotterdam in the weeks ahead, downstream users in Europe continue to hold a wait-and-see approach, and have so far resisted offers above USD395mtu in warehouse Rotterdam as of Tuesday.

European sources still largely expect APT prices to edge up above USD400mtu in the coming weeks, but feel that well stocked downstream users are in no rush to build up the market.

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Similar to the supply of tungsten, China controlled more than 90% of REE production, accounting for the majority of the country’s consumption and had, since the 1980s, become the sole provider of global rare earths.

Smith noted that the country had, since 2010, reduced its export quota by 40% to preserve local demand, as well as encourage local downstream production.

It had further promoted increased production efficiencies through the imposed mergers of smaller companies with larger companies in an effort to create ‘mega corporations’ with increased control over production and prices.

“In response to China’s strategy, we have observed a coordination of legal action, with Europe, the US and Japan bringing China before the World Trade Organisation.
 

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In terms of tantalum’s tradability, Smith noted that, as it was not traded openly,  tantalum  market has always been subject to large swings in over- and undersupply. Tantalum prices had recently demonstrated volatility, increasing by over 300% to around $550/kg in 2011.

Most tantalum was sold under long-term contracts rather than through the spot market, which had traditionally resulted in pre-emptive buying. As a result, prices did not always immediately reflect the supply/demand deficit.

“As a result, gauging a long-term stable price is challenging, but if we assume a conservative steady growth rate of consumer electronics in the coming years of around 4%, then the market will be perfectly balanced.

Growth above 4% will result in a supply shortage by next year and we, therefore, assert that prices have now bottomed out and should start reflecting our expectation of a market deficit,” said Smith.
 

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While also considered a critical metal, Smith observed that the tantalum market differed from the tungsten market in that its reserves were more widely dispersed, despite over 50% of the world’s tantalum supply having originated from Africa.

“The risk to the tantalum market is that 16% of supply is estimated to originate from artisanal mining activities, while a further 23% originates from a conflict area,” she noted.

As with a number of minor metals, new technologies, leading to the miniaturisation of electronic devices, had resulted in increased use of tantalum.

Smith commented that tantalum-based capacitors, in particular, were on the rise and were increasingly used in automotive electronics, mobile phones, personal computers and wireless devices.

“Capacitators now account for 60% of tantalum consumption, compared with 51% in 2004. While growth in tantalum demand has been relatively lacklustre over the past 15 years or so.

 Compared to other metals in the electronics sector, this application could lead to three-fold growth from 2007 levels,” Smith said.
 

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Based on these parameters, tungsten had increasingly emerged as a critical metal, most notably as a result of tungsten limited supply.

Smith noted that China, which produced the majority of the world’s tungsten supply, also accounted for more than half of world demand and was its fastest-growing consumer, which had driven the State to take certain measures to ensure that its own domestic needs were met.

“This has placed an unprecedented threat on the tungsten sector outside of China, which presents enormous opportunities for the development of tungsten ores, concentrates and intermediary products outside of China,” she said.

Moreover, in recent years, demand had outpaced supply, necessitating the sale of stockpiles held by the governments of China, Russia and the US. According to the US Geological Survey, from 2000 until 2011, the US stockpile fell from around 35 500 t to 7 500 t.

“Based on China’s decision to limit exports to the rest of the world, we estimate that the primary tungsten market is in deficit and, this year, we expect the deficit to be in the order of 15 000 t,” cautioned Smith.

In addition, tungsten prices were expected to rise in tandem with increased Chinese input costs, such as labour, as well as rising taxes and high inflation.

 

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Tungsten, tantalum and rare-earth elements (REEs) have started to emerge as “critical” global metals and are expected to become highly scarce from 2015, Core Consultants MD Lara Smith said on Wednesday.

“While the European Union and the US Department of Defence somewhat disagree on the full list of those metals that are deemed critical, they do agree that these three are [at the top of the list],” she said at the Geological Society of South Africa’s 2013 GeoForum conference, in Johannesburg.

Critical metals are defined as those metals with a critical risk to supply, on which humans are highly dependent for survival, and which are necessary for the continuation of a modern way of life.

Smith noted that these minerals were conventionally dominated by a single supplier or country, commonly experienced underinvestment in the development of new projects, and presented limited potential for substitution.

“In addition, critical metals are finding increased application in modern, portable devices, as well as in military or defence applications and are, therefore, of strategic importance to several countries,” she commented.


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