10 Top Tungsten-producing Countries

10 Top Tungsten-producing Countries

According to a USGS report, world tungsten production reached 82,400 MT in 2014, an increase over 2013's 81,400 MT. Here's a brief overview of the 10 countries that produced the most tungsten last year.

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Company News

Vital Metals Reports Results from Revised Definitive Feasibility Study at Watershed

Vital Metals Ltd. (ASX:VML) announced the revisions to the definitive feasibility study at its Watershed tungsten project, which showed a reduction in its forecast of pre-production capital expenditure to AU$143 million, compared to AU$172 million from the original DFS put out September 17, 2014.

Colt Resources Announces $30 Million Financing Committment

Colt Resources Announces $30 Million Financing Committment

Colt Resources (TSXV:GTP) has entered an agreement with CITC-GEM, whereby it has the option to issue and sell shares at its sole discretion and CITC-GEM is committed to buying common shares of Colt for aggregate proceeds of up to $30 million. Funds raised will be used to assist in the implementation of Colt's growth strategy.

Ormonde Closes Oaktree Financing for Barruecopardo Project

Ormonde Mining (LSE:ORM) announced that it closed the Oaktree project financing for its Barruecopardo tungsten project in Salamanca, Spain on June 19 and the initial US$25 million of equity funds has been received from ORM Tungsten Holdings SARL.

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Market News

Proposed EU Law to Help in Fight Against Conflict Minerals

Mining Weekly reported that campaigner Emily Norton from the nongovernmental organisation Global Witness conflict minerals believed that the proposed European Union (EU) conflict minerals law will help make responsible sourcing a natural part of doing business in countries struggling with conflict.

EU Lawmakers Vote on ‘Blood Metals’ Ban

Mining.com reported that the European Parliament has voted in favour of banning all products that contain conflict minerals from war zones in Africa, in an effort to eliminate them from the European supply chain.

Tungsten Industry in China in Transition

Mining Weekly reported that with China looking to secure tungsten supply from outside its borders, companies not in the Asian nation may be able to finance their projects.

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