Blackheath Announces Award of Mining Licence for Covas Tungsten Project
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- Category: Tungsten's News
- Published on Tuesday, 17 September 2013 15:57
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2013) - Blackheath Resources Inc. (TSX VENTURE:BHR)(FRANKFURT:04B) ("Blackheath) is pleased to announce that the Government of Portugal has granted an Experimental Mining Licence ("Licence") for the Covas Tungsten Project in northern Portugal. The Licence is valid for a period of three years, which may be extended by a further two years, and is held by Blackheath under an option from Avrupa Minerals Ltd. Under the terms of the Licence, which replaces the previous exploration licence, Blackheath may carry out test mining programmes as well as further drilling and metallurgical work at Covas.
The Licence covers an area of approximately 1,948 hectares and has been granted for the exploitation of mineral deposits of tungsten, tin and gold. Granting of the Licence follows the established practice under Portuguese mining law and may be followed, if warranted, by the grant of a full licence for full-scale commercial exploitation of mineral deposits on the property.
"We are delighted that the Experimental Mining Licence has been granted at Covas and we will now be able to proceed with the next phase of our work programme," said James Robertson, P. Eng., President and CEO of Blackheath. "We plan to complete trenching and other surface work in preparation for starting our next round of diamond drilling at Covas, as well as at our contiguous tungsten permit at Arga, in September."
Covas is a past-producing tungsten mine and remaining historic resources on the property have been estimated at 922,900 tonnes of 0.78% WO(3) (tungsten trioxide) by Union Carbide in 1980, based on work including 329 drill holes on the property. Mineralization is open to expansion. The price of tungsten has increased significantly in recent years and is currently approximately $42 per kilogram of contained tungsten trioxide. (These resources are historic in nature, prepared by Union Carbide Corp. in 1980 and are considered relevant. However, a qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the Company is not considering the historical estimates as current mineral resources.)
Highlights from the Phase 1 program completed by the Company early in 2013 included high grade tungsten mineralization of 2.11% WO(3) over 7.98 metres starting at a depth of 44.57 metres in Hole CO 7/12 at the Telheira target and 2.89% WO(3) over 5.10 metres in Hole CO 13/12 starting at a depth of 52.70 metres at the Lapa Grande target at Covas, as previously reported. Other results from the program confirmed extensions of tungsten mineralization in the skarn zones at Covas. (See news releases dated November 26, 2012 and March 1, 2013 for details)
The Covas property is located about 100 kilometres north of Porto, Portugal's second largest city. Blackheath holds the property under an option from Avrupa Minerals Ltd. to earn up to an 85% interest in a joint venture in the project, after incurring minimum exploration expenditures of EUR1 million in two stages to earn a 70% interest followed by completion of a prefeasibility study to earn the additional 15% interest. Blackheath also holds options for a 100% interest in the past-producing Borralha tungsten mine and the Bejanca tungsten-tin mine where exploration is also underway.
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Tungsten Concentrate Output Limitation of China, 2013
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- Category: Tungsten's News
- Published on Friday, 13 September 2013 15:02
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Yesterday, the Ministry of Land and Resources issued the announcement about tungsten concentrate output limitation in 2013. In 2013, the tungsten concentrate output limitation is 890,000 tons. The Ministry of Land and Resources will keep the output control in 2012 and continue imposing control on total of comprehensive utilization. On December 31, 2013, the general office of the Ministry of Land and Resources issued the first of tungsten concentrate output limitation, based on 50% of output limitation in 2012. 2,000 tons of tungsten concentrate was not distributed. Tungsten concentrate output limitation which has been sent to every province and autonomous region is increased by 2,000 tons, compared with 2012. Total of primary mining is 71,000 tons and total of comprehensive utilization is 18,000 tons, increased by 1,600 tons and 400 tons respectively.
Tungsten concentrate output limitation for Jiangxi is 37,750 tons, increased by 650 tons; for Hunan is 23,100 tons, increased by 500 tons; for Yunnan is 6,000 tons, increased by 500 tons; for Guangdong is 3,260 tons, increased by 110 tons; for Zhejiang is 450 tons, increased by 100 tons; for Heilongjiang is 1100 tons, increased by 100 tons; for Xinjiang is 300 tons, increased by 100 tons; for Hubei is 300 tons, increased by 50 tons.
Tungsten concentrate output limitation for Guangxi is 3,000 tons, decreased by 110 tons.
Tungsten concentrate output limitation for Fujian is 2900 tons; for Inner Mongolia is 1,500 tons; for Qinghai is 140 tons; for Henan is 6,000 tons; for Gansu is 1,710 tons; for Hainan is 190 tons and for Shanxi is 100 tons. The output limitation for those provinces or autonomous regions is the same as last year.
The announcement requires to stopping accepting application on prospecting and mining for new rare earth or tungsten concentrate. The new set-up rare earth and tungsten concentrate must conform to output limitation and requirements for capacity balance. Compared with 2012, the fifth situation is set up: the program which is in accordance with industrial policy, mineral resources development program, configuration scheme of mining right, output limitation and requirements of provincial government should be given key support.
The announcement also stresses that the Ministry of Land and Resources will decompose the tungsten concentrate output limitation which has been sent to every local competent department of land and resources. The Ministry of Land and Resources will also inspect monthly reports or quarterly reports and check the implementation accordingly.
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Vital Metals Secures Environmental Nod for Queensland Tungsten Project
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- Category: Tungsten's News
- Published on Thursday, 05 September 2013 17:44
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Vital Metals (ASX: VML) has been issued a final environmental authority for its Watershed Tungsten Project in Queensland, clearing away for the grant of the Mining Leases.
The company is partnered with Japan Oil, Gas and Metals National Corporation (JOGMEC) and Macquarie Bank to develop Watershed, which is a ranked amongst the top 10 non-Chinese projects with potential for further growth as it is open along strike and at depth.
JOGMEC have recently secured their right to 30% of the project while Macquarie Bank provided assistance to Vital via a financial facility.
Tungsten is one of a number of “critical elements” that will become increasingly scarce from 2015 according to reports, with the Chinese already accounting for more than half of world appetite.
The company noted that the fundamentals of the tungsten market look strong with price increases in APT being matched by significant new investment in metal production.
Recently, HC Starck announced a joint venture that would allow it to increase its penetration into Asian markets while Xiamen Tungsten Co Ltd announced that it would build a US$160 million hard alloy production plant to meet increasing demand.
Vital plans to develop Watershed as a stable and reliable supply of tungsten concentrate necessary for the production of the tungsten metals that play critical roles from the tungsten carbide buttons on exploration drill bits to the high strength alloys used in the new generation of aircraft.
Watershed Scheelite Deposit currently hosts a Resource of 49.2 million tonnes at 0.14% WO3.
It is located about 35 kilometres northwest of the historic Mount Carbine tungsten deposit, which produced 10,000t WO3 over 16 years, between 1970 and 1986.
The grant of the Environmental Authority is the final step required before the Queensland Department of Natural Resources and Mines is able to consider the grant of the mining leases that make up the project.
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Carbide Tool Maker Micro 100 Grows into Meridian’s Biggest Manufacturer
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- Category: Tungsten's News
- Published on Tuesday, 10 September 2013 16:39
- Written by Yuri
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The $15 million-a-year business sells from a catalog of 12,000 carbide tools to more than 600 U.S. distributors and others in 40 countries.
Carbide is 90 percent tungsten, one of the hardest metals on the planet. Micro 100 has dozens of machines — Dale Newberry says it’s more like hundreds, but he’s lost count — most with grinding wheels coated in industrial diamond, the only substance known that will cut tungsten. The result is a cutting tool that Newberry says will stay sharp 10 or 20 times longer than steel.
Micro 100 makes a miniature end mill the diameter of a human hair for manufacturing optical and medical equipment. Its most expensive custom carbide tools sell for more than $1,000.
Newberry gestures toward his twice-expanded shop stuffed wall-to-wall with machines, some worth nearly a half-million dollars.
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Tungsten Resources Take Control of Spanish Tungsten Mine
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- Category: Tungsten's News
- Published on Tuesday, 03 September 2013 17:23
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Tungsten resources has confirmed it has taken ownership of the La Parrilla tungsten mine in southwest Spain.
It has initially put down €900,000 and will make further phased payments of €1.3 million in the third quarter of next year and of €500,000 12 months later.
It’s expected these will be funded from the cash flows from tailings production at La Parrilla.
The decision to move to full title ownership was taken by W following the extension drilling and initial evaluation of the mine and its development potential, it said.
Chairman Michael Masterman added: "La Parrilla will be a major tungsten mine and this decisive step will allow us to proceed with clear confidence and secure title towards development.
“With the tailings project on track to start first production later this year, we look forward to the next development phase of the mine."
Tungsten resources is sitting on one of the largest deposits outside of China. It holds a JORC compliant inferred reserve of 47mln tonnes and almost 40,000 tonnes of contained tungsten metal at a 0.09% grade.
Consultants Golder Associates also identified higher grade zones in the middle of, and adjacent to, the existing historic pit, which will be a focus for exploration going forward, the company said. There was a 0.04% cut-off grade.
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