This Innovative Group of Jewelers Brings Earthy Dazzle to New Style of Tungsten Wedding Rings.

Titanium Kay announced the addition of a new Tungsten Inlay Ring collection made from natural stones and Tungsten Carbide today. The realm of wedding ring design is now unlimited due to the range of stones and new metals that are available. The inventory of designs in the new Tungsten Wedding Bands

Minerals such as tin, tungsten, tantalum and gold are valuable and essential for companies producing goods like consumer electronics and medical equipment. However, such products are often sourced from the Democratic Republic of the Congo (DRC), much of which is controlled by armed groups that  force locals to work in mines without pay and commit violence against civilians. It can be extremely difficult for large companies to realize they are purchasing "conflict minerals" from these areas and supporting rebel groups, especially if they obtain the minerals through multiple suppliers and have lengthy and complex supply chains.

Conflict mineral sourcing may cost companies

It has become more difficult for businesses to procure these important components in recent months, as a provision of the Dodd-Frank Act requires companies to reveal whether they use conflict minerals from this area in their products. Businesses that use these minerals must gather information on their sourcing processes in 2013 and file it with the Securities and Exchange Commission (SEC) by May 2014.

The provision in the law requires businesses to take multiple steps when submitting information to the SEC. Companies must first reveal if they do use any raw materials that could be considered conflict minerals and then determine whether they were sourced from the DRC or a nearby area. Those firms that determine their minerals did not come from this region need to reveal what steps they took to prove their minerals aren't from war-torn regions, while those that do procure minerals from the DRC (and those that cannot determine where their minerals are from) will be required to trace their supply chains, reveal their suppliers and provide a conflict mineral report.

Strategic sourcing can stop the problem

Businesses that do currently source minerals from these areas may find continuing to do so will result in problems as increased legislation and requirements aim to limit the problem. This may cause more companies to look for ways they can alter their supply chains to avoid purchasing conflict minerals and reporting their use to the SEC. Implementing policies like strategic sourcing initiatives may help businesses procure minerals without supporting armed groups. Taking steps to improve sourcing efforts can also help a company better optimize its supply chain and ensure all suppliers and logistical operations are working together seamlessly, which can also assist cost savings efforts.

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Shares of Northcliff Resources surged after the company released a feasibility study for its Sisson tungsten project in New Brunswick, Canada, saying the results confirmed a technically and economically "robust" tungsten and molybdenum development that is ready for next steps.

The report, done by Samuel Engineering, projected an after-tax net present value of $418 million at an 8% discount rate, an internal rate of return of 16.3% and a payback period of four and a half years.

Initial capex was pegged at $579 million, using long term metal prices of US$350/mtu for ammonium paratungstate (APT) and US$15/lb for molybdenum.

"In just two years, Northcliff has advanced Sisson from an exploration and early-stage development project to achieve this important project milestone," said president and CEO, Chris Zahovskis.

"We have significantly de-risked the project and now have one of the largest tungsten reserves outside China.

"We are confident that Sisson is on track to earn the necessary environmental and construction permits from federal and provincial regulators in 2014, and Northcliff will be pursuing partnerships with global companies interested in the Sisson Project  or tungsten off-take agreements, positioning Northcliff to achieve the financing necessary to initiate project construction in 2014 and commissioning by 2016."

Located 100 km by road northwest of Fredericton, the Sisson property hosts a 334 million tonne proven and probable mineral reserve containing 22.2 million metric tonne units (mtu) of tungsten trioxide (WO3) and 154.8 million pounds of molybdenum (Mo).

The life-of-mine plan, based on this mineral reserve, has an average net smelter return value of $26.24/t and an average NSR value over the first five years of production of $30.75/t processed.

The project will be developed as a bulk tonnage operation and based on the mine plan, Sisson will produce a total of 15.0 million mtu of tungsten and 111.3 million pounds molybdenum over 27 years of operation. Average annual production in the first five years is forecast at 689,000 mtu tungsten and 4.4 million pounds molybdenum.

Average cash costs of production are forecast at $8.18 per tonne milled or $153/mtu, net of molybdenum credits.

The company said it will undertake the "value-added" processing of tungsten concentrates produced at Sisson by constructing and operating an ammonium paratungstate plant at the project site.

The project, which can be accessed by existing highways and roads, will see power provided by the provincial power utility via a new 138 kiloVolt transmission line alongside an existing 345 kV line at an expected cost of $0.066 per kilowatt-hour.

By advancing Sisson, Northcliff aims to become one of North America's major tungsten producers, increasing supply for the large North American, Asian and European markets where demand is forecast to  outstrip  supply.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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High flying W Resources this morning revealed it had secured ‘time critical’ financing to move forward with the La Parilla tungsten tailings project.

The AIM quoted firm, which has gained as much as 350% this month, is issuing 122mln new shares at 0.7p per share, raising £858,500.

Chairman Michael Masterman is among the investors in the placing. He has subscribed for 14.2mln new shares for a total investment of £100,000.

Last week the La Parrilla tailings project was signed off by the authorities in Spain and the company said first tungsten production would come later this year.

W Resources will process 330,000 tonnes of material each year to produce 28,000 tonnes of tungsten and 26 tonnes of tin. This is expected to generate around €7 million per year revenue, at current prices.

The company’s shares were also boosted this week by positive drill results on Monday, which showed tungsten grades three times higher than previous results.

A JORC compliant resource update is expected later this year, in the second quarter.

On AIM today W Resources shares were up 0.14p, or 11%, trading at 1.35p.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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