Mining Weekly reported Woulfe Mining (TSXV:WOF) says it will begin production at its Sangdong tungsten molybdenum mine on time in 2013 despite recent setbacks.
As quoted in the market news:
The delay in completing the study was owing to the company’s decision to move metallurgical test work to China. This resulted in a late start for strategic agreement partner International Metalworking Companies (IMC) to work through its due diligence.
In February, TSX-listed Woulfe signed a strategic agreement with IMC and its affiliates that would see the company investing some C$35-million for a 25% interest in the Sangdong mine.