Near-term Tungsten Projects in Vietnam

With two tungsten projects slated for production within the next few weeks, Vietnam is set to play a more significant role in the tungsten market.

With its 60-percent stake, Hazelwood Resources possesses the majority interest of Asia Tungsten Products, which owns ATC, a new ferrotungsten refinery in Vihn Bao. Hazelwood hopes to eventually become a vertically integrated ferrotungsten producer and is set to take a major step toward achieving that goal by bringing ATC online.

Terry Butler-Blaxell, managing director, said the resource protection measures implemented in China since 2008, especially the 20 percent export tariff on ferrotungsten, have impacted supply. Therefore, an ex-China source is expected to be well received.

ATC is expected to be the largest most advanced ferrotungsten plant outside of China. At stage one the refinery will have an annual maximum capacity of about 4,000 metric tons (MT). Hazelwood is expecting to reach one third of that capacity this year and to ramp up to producing at over half of the maximum capacity in 2014.

Having only a refinery means Hazelwood has to rely on the market for feedstock. The company has already sourced and contracted about 100 MT of concentrate per month.

Hazelwood plans to start commissioning after Easter and move toward first production by the first week in April. The first shipment of material is expected in April, driving the company’s expectations that it will record revenue next month.

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