Tungsten & Sapphire Growth Furnace Price

Hemerdon Mine Firm Wolf Minerals Posts $2.5m LossWolf Minerals

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:32; Written by Elva; Hits: 2299

The Australian firm behind £130 million plans to re-start mining operations on the outskirts of Plymouth made a loss of $2.5 million in last six months of 2012.

It comes after an announcement yesterday that Wolf Minerals had awarded a £75 million design and build contract for the scheme's processing plant to fellow Australian firm GR Engineering.

The mine, at Hemerdon, is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.

Last month, a New Zealand-based business TTI (NZ) Ltd bought a 19.9% interest in the company as part of a $20.3 million share placement exercise to raise funds to provide working capital to progress the scheme – specifically by buying homes near the site of the mine.

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Blackheath, Avrupa, Drill Additional High Grade Tungsten Mineralization at Covas JV, Portugal; Avrupa Shares Jump 42% From Yr Low

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:12; Written by Elva; Hits: 2280

Blackheath Resources Inc. (BHR.V) and Avrupa Minerals (AVU.V) today reported further drilling results from the Covas Tungsten Project in northern Portugal.

Highlights:

1.56% WO3 over 11.40 metres at Lapa Grande including

2.89% WO3 over 5.10 metres in Hole CO 13-12

0.79% WO3 over 1.55 metres at Telheira in Hole CO 10-12

2.11% WO3 over 7.98 metres at Telheira including

4.24% WO3 over 2.55 metres in previously reported Hole CO 7-12

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Ferro-tungsten Prices Drift Down on Persistent Weak Demand

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 08:48; Written by Elva; Hits: 2347

Ferro-tungsten prices in Europe drifted down further on Wednesday March 6, as demand weakness pervaded the market.

Metal Bulletin’s in-warehouse Rotterdam quotation now stands at $39.50-39.90 per kg, down 10 cents on the top end, and market participants have suggested the price will slip still lower before the end of the first quarter. “I’ve spoken to a couple of traders and they mentioned $39-39.50 per kg.

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2013.03.08 Xiamen Tungsten Co Ltd (600549.SS)

Details: Category: Tungsten's News; Published on Friday, 08 March 2013 09:05; Hits: 2280

Xiamen Tungsten Co., Ltd. is principally engaged in the smelting, processing and distribution of tungsten, molybdenum and other non-ferrous metal products, as well as the property development business. The Company operates its businesses through production of non-ferrous metal products, property development and management, as well as development and distribution of new energy materials. The Company operates its businesses in domestic and overseasmarkets.

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North American Tungsten Commences Metallurgical Testing

Details: Category: Tungsten's News; Published on Thursday, 07 March 2013 17:38; Written by Elva; Hits: 2319

North American Tungsten Corporation Ltd. (TSXV:NTC) is ready to commence metallurgical testing and analysis of material from Tailing Pond 3. Since the 2011 and 2012 drilling and modeling program has been completed, the next phase of the tailings reprocessing plan is ready to begin.

As quoted in the press release:

The next phase in the tailings reprocessing plan will include baseline flotation test work plus locked cycle flotation tests to determine the feasibility of recovering a marketable concentrate. Magnetic separation, presently used in the production plant flowsheet, will also be evaluated. The program is expected to conclude with off-site testing of a bulk sample, providing necessary scale up information for commercial processing.

North American Tungsten Corporation Ltd. CEO, Stephen Leahy said:

A positive feasibility for the tailings reprocessing project will certainly make it a priority for the Cantung Mine as it has the potential to add significantly to not only our production but to our overall mine life resource.

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