New Brunswick’s unemployment rate has been dipping in the last few months, reaching 10.8% in December, but it remains more than 3 percentage points higher than Canada’s 7.3% unemployment rate for December.Northcliff will be focusing on hiring locally, aiming for 300 workers to operate the mine and as high as 500 workers during the construction phase.

"New Brunswick is a very depressed area from an employment standpoint. There are a lot of people here with good skills and good trades backgrounds who cannot find jobs and are working in the oil sands,” Zahovskis said. “There’s no reason to think that we can’t attract 300 people in this area.”The Sisson Project also offers workers the rare opportunity to work near home as the project is located 100 kilometers away from Fredericton, New Brunswick’s capital city.There are several operating mines within the province, so there is a presence of skilled workers.

Zahovskis also stressed the importance of the company’s relationship with First Nation’s communities and their inclusion in many aspects of the project.“We’ve had First Nations employees within our ranks for archaeological studies, for field work, environmental monitoring and so on,” Zahovskis said. “We see them as part of the New Brunswick population and when we say we’re going to hire locally first, that’s what we mean, so First Nations are definitely included.”

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The domestic tungsten ore prices stabilized, the shipping business will increase up to 1.6 yuan / kWh, some high-priced, sodium tungstate market demand improved slightly, scrap tungsten steel prices continue to explore up the domestic the blade high even reached 175 yuan / kg.

The tungsten market the atmosphere declined slightly, manufacturers around the sidelines reproduction, in the case of the lack of a large number of transactions support, most of the short-term tungsten Department mainstream mainly stabilized.

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Quotations of March released by Ganzhou Tungsten Committee and Minmetals Non-ferrous Co. last week, in which wolframite concentrate, APT and medium-particle –size tungsten powder are 122 thousand yuan/standard ton,184 thousand yuan/ton and 285 yuan/ kg respectively, and rose 2 thousand yuan, 6 thousand yuan and 50 thousand yuan respectively compared with February.

65% of wolframite concentrate and scheelite concentrate remain at the same price as February and January according to the quotation of Minmetals Non-ferrous Co. Domestic tungsten market has been keeping warm, after the release of Ganzhou Tungsten Committee and Minmetals Non-ferrous Co, price for relevant products rose as well. At present, APT market is still positive

Domestic tungsten market is gaining steam keeping upward trend, tungsten price is expected to go up in the near future.

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Australian-based company Wolf Minerals now has £140m for the project in Devon, although the final £13m is yet to be signed off by shareholders.Wolf Minerals said it hoped to begin mining at Hemerdon by the end of 2014 creating about 230 jobs at the site.

The company initially announced the project in 2007 but the recession delayed the plans.Jeff Harrison, from Wolf Minerals, said: "Every day we're getting businesses who are asking how they can get involved in the project.

"We're also getting people asking about recruitment and when jobs will be available."We're keeping a spreadsheet of all those so we have that information and we can get back to those as and when we need them."

The mine is believed to be the fourth largest tungsten resource in the world and the company hopes to produce about 3,000 tonnes of tungsten and tin a year.However, under planning consent the company still needs to complete negotiations to buy 17 nearby homes in the hamlet of Drakelands before mining can start.

Tungsten, which is used in metal-working, construction and in the manufacture of electrical equipment and light bulbs, was discovered at Hemerdon in 1867.Mining was carried out at the site between 1919 and 1920 and again from 1934 to 1944, when production ceased, but the booming economies of China and India have increased worldwide demand.

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China ferrotungsten market continues to be quiet this week, and owing to the increasing raw materials’ offers, the ferrotungsten prices are firm. However, as the demand from the downstream industries remains weak, the trading volume is small in the spot market.

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The demand from the downstream markets remains weak, and the tungsten carbide powder market sees few deals been concluded. The tungsten carbide powder suppliers hold offers firm this week, and watch the market for a while.

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Chinese APT market runs slowly, and the market sees few deals been concluded. The APT prices are stable tentatively this week. Most of the APT market participants hold wait-and-see attitudes towards the future market.

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China tungsten carbide powder prices are stable at present, and the trading volume is small in the spot market. The demand from the downstream customers does not recover obviously, and it is expected that the tungsten carbide powder market will be quiet in a short time.

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There are fierce competitions in tungsten carbide market. Although tungsten carbide is still the main material for making cutting and mining tool, part of tungsten carbide’s application field face the danger of being replaced by adamas. Homogenization degree of tungsten carbide products is high among domestic manufacturers while technological level of domestic manufacturers is relatively low  compared with foreign counterparts. For the time being, it is still impossible to make large-size tungsten carbide product domestically except only small-size bars and boards. The technological gap won’t be filled in the short run.

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Colt Resources Inc. ("Colt" or the "Company")  is pleased to announce the execution of a binding letter of intent ("LOI") to purchase the property known as Passa Frio within the Company's recently awarded Tabuaço experimental mining license that includes the Tabuaço (São Pedro das Águias) and Aveleira tungsten deposits in northern Portugal, for the purposes of planning the Company's future mining operations. Passa Frio is mostly vacant land of approximately 1,000,000 m². The property was carefully selected after a thorough trade-off evaluation and review of several possible locations to establish the necessary surface mining infrastructure, namely the processing plant, dams, dumps and adjoining warehouses, and is zoned to permit such construction. The property is situated away from residential areas such that it is mostly unnoticeable from the surrounding roads and nearby villages.

Over the next months, the Company will survey the property in detail to verify legal title. The LOI locks up the property while the Company completes its survey. Following the survey, Colt has a three-year option to enter into a final purchase and sale agreement with the owners of Passa Frio. Colt will pay €100,000 for the three-year option and an additional €350,000 to purchase the property by the end of the third year should the Company decide to exercise the option to purchase Passa Frio.

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