Nui Phao Holds 51 Percent Stake in the Venture of Tungsten Chemicals with HC Starck

HC Starck recently signed a joint venture agreement with Nui Phao Mining, Nui Phao will hold a 51-percent stake in the venture, while HC Starck will hold the remaining 49 percent, according to HC Stark’s statement.

Through the partnership, the companies will look to produce value-added tungsten chemicals like ammonium paratungstate (APT) and blue tungsten oxide (BTO) from the entirety of Nui Phao’s materials.

The venture is expected to produce 6,500 tons of tungsten trioxide per year. HC Starck has committed to purchasing a significant share for its own use.
 

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