Wolf Acts To The Tungsten Mining Contract

No commencement date has yet been set for the start of the tungsten mining contract as Wolf is still tying up some remaining loose ends before the final go-ahead decision, but the company states that the formal commencement date for the work will likely be in March next year.

The contractor, CA Blackwell, primarily has experience in multi-disciplinary construction projects, although not in mining per se, with a past project emphasis on heavy earthmoving and reclamation work.

It was selected after Wolf received what it describes as eleven quality bids, with Blackwell being chosen on the basis of bid quality and price.  The contract value has come in close to the Definitive Feasibility Study estimate of £85.5 million (A$141 million1) announced back in May 2011.
 

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