Vantage Drilling Receives Letter of Award for Tungsten Explorer
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- Category: Tungsten's News
- Published on Wednesday, 23 January 2013 09:16
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HOUSTON, TX -- 01/22/13 -- Vantage Drilling Company ("Vantage") announces today that it has received a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa. The award is for a period of up to four years commencing in mid 2014.
The contract has a minimum duration of two years, while the customer has four six-month options to extend the contract. The letter of award is subject to customary conditions including negotiating the final terms of the contract which is anticipated to be completed in the first quarter 2013. The estimated revenue over the initial two year firm period of the contract is approximately $468 million, including mobilization.
Read more: Vantage Drilling Receives Letter of Award for Tungsten Explorer
W Resources Expects First Production from La Parrilla in Second Half of 2013
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- Category: Tungsten's News
- Published on Tuesday, 22 January 2013 17:22
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W Resources expects the La Parrilla tailings project to be in production in the second half of 2013 - after it received final approval.
The regional authority of the Junta de Extremadura has given the go-ahead for the project in Spain, the firm told investors.
Annual plant feed is expected to be around 330,000 tonnes and annual production anticipated to be 28,000 MTU (metric ton unit) of tungsten and 26 tonnes of tin.
Read more: W Resources Expects First Production from La Parrilla in Second Half of 2013
Larson Jewelers Now Carries a New Triton Rings
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- Category: Tungsten's News
- Published on Tuesday, 22 January 2013 09:38
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Larson Jewelers an authorized dealer of the Triton Rings line, a division of Frederick Goldman, has just announced they now carry 4 mm and 5 mm wide Triton rings made of tungsten carbide. 4 mm and 5 mm wide tungsten rings are ideal for women or men who prefer narrow bands.
The debut of this long anticipated narrower tungsten wedding bands line is happening just in time for the Valentine’s Day shopping season. For years Triton has focused only on 6 mm to 9 mm wide rings, which are the widths men traditionally wear. Now, couples who wish to have matching Triton branded wedding bands can finally do so, and Larson Jewelers is one of the few jewelers who have full authorization to carry this reputable jewelry line.
Triton is starting off with 6 great styles; 3 styles in 4 mm and 3 styles in 5 mm. Styles range from classic plain polished domed rings to beautifully carved designs. “When we first started carrying the Triton line last year, we asked if they will have a 4 mm or 5 mm line for women and they said they would, but we didn’t think they would come out with it this fast.” says Thomas Larson, co-founder of Larson Jewelers.
As mentioned, this line is not specifically geared towards women. Many men who are not used to wearing rings will also prefer to have a narrower band because it will not feel as bulky. Make no mistake these rings are narrower, but they are by no means weaker. Triton’s renowned toughness is engineered into this line as well. As with all tungsten ring brands Larson Jewelers carry, Triton Rings, come with a manufacturer’s lifetime warranty, which covers size exchanges for life, and repair or replacement in case of accidental damage. It is part of their policy to only carry brands from manufacturers that stand behind their products.
Tungsten Jewellery Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-jewellery.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Benchtop Reflectance Probe
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- Category: Tungsten's News
- Published on Tuesday, 22 January 2013 10:17
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LAWRENCE, Mass — A benchtop reflectance probe for qualitative and quantitative mineral analysis in the core logging shack or the lab has been unveiled by Spectral Evolution. It provides geologists and field researchers with hands-free measurement across the spectral range from 350 to 2500 nm.
It delivers easy-to-use sample analysis for identifying iron oxide minerals, Al(OH) group minerals, MH4 minerals, Fe(OH) group minerals, Mg(OH) group, carbonate group, OH-bearing silicates, Zn silicates/phosphates, zeolites, rare-earth-element-bearing minerals and sulfides.
The probe features “no threading” setup with an external SMA-905 port and power connector, a 5-W tungsten halogen source with a user-replaceable probe, compatibility with all of the company’s spectrometers, and a sapphire window for durability.
It can be ordered separately or as part of a Spectral Evolution mining bundle.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Congo Conflict Minerals: Compliance Challenges Ahead as Businesses Worry About Penalization
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- Category: Tungsten's News
- Published on Tuesday, 22 January 2013 09:23
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New U.S. reporting requirements on sourcing “conflict minerals” create challenges and opportunities for companies.
You paid $100 for an organic heirloom turkey for your holiday table. Your fair trade coffee costs $16 per pound. And the hand-crocheted organic cotton blanket from a Peruvian co-op for your new baby niece? As much as $220 plus shipping.
Sustainable merchants have established strong niche markets for luxuries and incidentals. But what about an essential tool like your smart phone? Would you pay more if you could be sure its materials weren’t indirectly bankrolling human rights abuses in a distant frontier like the Democratic Republic of Congo?
New Reporting Requirements For Conflict Minerals
Creating a new economic framework amid anarchy is just one dilemma facing companies in the U.S. subject to new reporting requirements for “conflict minerals” by the Securities and Exchange Commission. These minerals are crucial to electronics and widely used in many products.
Other challenges: understanding and complying with the new federal reporting requirements, untangling complex global supply chains and quelling fears of both suppliers and customers.
As the DRC government and rebels consider a new round of ceasefire talks, companies are now determining whether to keep sourcing materials from the DRC under the new regulations, or source from other nations.
“It would be easier to just stay out of it,” said Michael Loch, director of supply-chain corporate responsibility for Schaumburg, IL.-based Motorola Solutions.
“But from a CSR standpoint, you don’t want to make a bad situation worse, “Loch said. “If there is enough momentum and people stay engaged, you can see how a legitimate pipeline can be established and eventually we will see this as a normal way of business.”
Companies See Compliance Challenges
Other companies say the conflict minerals regulations penalize them for circumstances far beyond conflict mineralstheir influence. More than a year before the first conflict minerals report is due to the SEC in 2014, they are feeling the pinch from customers asking them to certify that their products are conflict-free. Yet, they can’t see clearly down their supply chains back to the materials’ origins – often small “artisan” mines under the control of warlords.
“We do not want to purchase any components where the manufacturer purchases raw materials from the DRC region, “ said Michael Goeringer, president of Arc-Tronics, an Illinois-based circuit board manufacturer. “However, we have no mechanism to determine if they are doing that or not.”
Four materials – tin, tantalum, tungsten and gold – are covered by the new regulation, which was required in the 2010 Dodd-Frank Act. A percentage of the world’s supply comes from mines on the eastern frontier of the DRC, where millions have been killed or uprooted in a civil war that has persisted for more than a decade.
Next year, U.S. public companies will be required to report their use of “conflict minerals” exported from this tropical twilight zone in a new effort by policymakers to choke off the outlaws’ financing and establish a legitimate economy. They must report their audited findings to the SEC.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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