Canadian-based mineral-resource company Northcliff Resources Ltd. (TSX: NCF) released the results of a feasibility study this week for its Sisson Tungsten-Molybdenum Project, which elevated the undeveloped deposit to one of the largest tungsten deposits outside of China.Located in New Brunswick ,Canada, the deposit holds 334 million metric tons of proven and probable reserves containing 22.2 million metric tons of tungsten trioxide and 154.8 million pounds of molybdenum at a net smelter return of $8.83 per ton, the company said. The mine life stands at 27 years.

“This is a significant development for Atlantic Canada,” said Chris Zahovskis, president and chief executive officer of Northcliff. “The fact that this project contemplates building an ammonium paratungstate plant, which would represent the first such plant in Canada, and this plant certainly has the opportunity to add value to the project.“I think it has the opportunity to be catalyst for further economic growth in the province of New Brunswick, and I think that’s a very positive thing.”Zahovskis pointed out that China, responsible for over 80% of the world’s tungsten supply, has restricted the export of tungsten.

“China has already stopped exporting tungsten ores and tungsten concentrates for many years so that move is what caused the spike of tungsten prices running up from late 2010 through 2011,” Zahovskis said. “It peaked at a historic high of $470 per metric ton and that was in response to China being very honest and saying ‘hey look, we’re going to look after our domestic needs,’ and I’ve attended tungsten conferences where they reiterate that point.”

While China holds an abundance of tungsten that it will not export, there is still global demand for the metal.“So as a result, the rest of the world does need tungsten, most notably continents like Europe, North America and Japan  and they’re looking for somewhere to get long-term tungsten,” Zahovskis said. “So we think that having a deposit like Sisson, situated where it is, close to deep-water ports with good infrastructure, not only can supply that but is actually a strategic asset when you look at it in the long term.”

The company is moving toward beginning construction in 2014 and commissioning by 2016. It will be filing an Environmental Impact Assessment to both provincial and federal governments in the coming weeks.Northcliff is also actively soliciting interest from certain parties looking to become joint-venture partners.“For a company of our size, the capital build is significant, just under $600 million,” Zahovskis said. “It’s still modest by most mining standards I would say, but it’s a big number nonetheless for a company like Northcliff.”Zahovskis also sees positives coming out of discussions with banks in terms of financing.“There are other large tungsten projects that have secured or are in the process of securing financing,” Zahovskis said. “So we see that as a positive action because there is recognition that tungsten does have a bright future.”

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Aim-quoted multicommodity natural resources company Premier African Minerals on Monday said a recent exploration update from its flagship RHA tungsten project, in Zimbabwe, indicated the potential for development of a low-capital- and low-operating-cost mine in the near term.

A five-hole diamond drilling programme undertaken on site confirmed significant tungsten oxide values."This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drillhole intersections, and highlights the exceptional prospectivity of our RHA tungsten project,” Premier CEO George Roach said in a statement.

Drilling had also potentially uncovered three previously unknown, well-mineralised quartz veins in the existing lode system.Further low-cost surface trenching and sampling would be undertaken in the first quarter of the year to confirm the surface location and extent of the hanging wall lodes, with a South African Mineral Codes-compliant resource on target for completion within the first half of the year.

“In tandem with this, we are also completing a conceptual mine study, which will determine the most beneficial and cost-effective method of exploiting the known extent of the RHA deposit,” added Roach.The conceptual study would consider the possibility of early and low-cost production from the recently discovered outcropping mineralised quartz veins, as well as from existing tailings dams and dumps.

“Given the availability of water and power at the property, and the relative simplicity of the required processing plant, we believe we will be able to start development with a view to production potentially before the end of 2013," Roach advised.

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According to Xinjiang Mining committee, the biggest explosive equipment and mining service group Orica will be showing up in the third International Mining and Technological Equipment Exposition of Xinjiang on June 18th -20th 2013.

Important Tips:  The market of waste tungsten is slightly lagging behind and it is still in a buoyant atmosphere. The mentality of merchant  has not been weakening.Lower offer is continuing to move closer to the high level, it is acceptable for them. We expect that the waste tungsten market remains stable in the short-term.

The price of waste tungsten is stable and rising. The mainstream trading price of domestic waste tungsten blade concentrated in the 171-174 yuan / kg, which does not  have taxes.  imports blade 180-182 yuan / kg, scrap tungsten drill 190-192 yuan / kg, scrap pure tungsten blocks 210-214 yuan / kg, up 1-2 million. Scrap tungsten grinding material W content of more than 70 degrees  the mainstream transaction price of 1.76 yuan / kWh; 50-70 degrees 1.66 yuan / kWh; 30-50 degrees 1.5 yuan / kWh, steady.

Because the situation is not ideal, tungsten ore market  is gradually  stable, the enthusiasms of merchants shipping also increase. The market of waste tungsten is slightly lagging behind and it is still in a buoyant atmosphere. The mentality of merchant  has not been weakening.Lower offer is continuing to move closer to the high level, it is acceptable for them. We expect that the waste tungsten market remains stable in the short-term.

International markets, overseas  markets  of tungsten  are flatting to down. The evening  of March 8,2013 MB ​​Ferrotungsten quotes 39-39.5 U.S. dollars / kg of tungsten, the overall decline of Ferrotungsten is about 0.5 U.S. dollars; the ammonium paratungstate quotes 319.375-342.125 USD / metric ton, continue unchanged.



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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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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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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.

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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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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Gan County  tungsten industry realized main business income of 6.62 billion yuan in 2012, a year-on-year growth of 26.9%, the tungsten industry driving large-scale industrial growth by 7.5 percentage points. The tungsten industry has become the leading force to promote the county's economic developments.


In order to make  Gan County tungsten industry bigger and stronger,  we should firstly unify integration planning and promotion to achieve the optimal allocation of resources and put emphasise on  strengthening of large enterprise groups with Jiangxi University of Science and Technology, the National Center for tungsten seized, city technology innovation center cooperation and scientific research institutes, and strive to improve the value-added  of products and extend the industrial chain. And then make the leading enterprises stronger, World Rui focus on new materials, new materials Yuanchi Jiangxi Tungsten tungsten alloy strength leading enterprises have the potential to give support in the capital, water and electricity supply, policy, personnel. Give priority to the supply of raw materials, implement county optimal allocation of resources, and guide resources gather to leading enterprises, and promote the industry bigger and stronger. At the same time, speed up scientific and technological innovation,  put the role of fiscal into full play  to support enterprises to expand their reproductions and technology updates, transform technological achievements, guide enterprises from the rough to the development of deep processing. And we should  take the science and technology, saving, environmentally friendly way of developments. Currently, there are 10  tungsten processing enterprises in the county which the main business revenue is over 100 million yuan.The  number of tax exceeding ten million is 4.

 

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