4-traders reported that the Russian Federation is going to impose fixed export duties for tungsten ores and concentrates of 10 percent of their custom value.
Tungsten Market News Directory
There has been a large tungsten mine discovered in East China's Jiangxi province, ChinaDaily reported. The mine, said to hold more than 1 million tonnes of tungsten and associated copper.
Mining Weekly reported that ferrotungsten producer Hazelwood has commenced the hot commissioning of its Vietnam plant and its first production is expected within the next 7 days.
Mining Weekly reported that Hazelwood Resources was a step closer to starting its ferrotungsten production in its ATC project in Vietnam.
Reuters reported that prices for ferro-tungsten have fallen at lowest since 2010, and traders are blaming Europe’s ailing steel industry for it.
Bloomberg reported that mining company, Colt Resources Inc., will sign a contract with the Portuguese government today to explore tungsten in the country in the towns of Tabuaco and Penedono.
Mining Weekly reported that Premier African Minerals said its flagship RHA tungsten project, which is situated in Zimbabwe, showed potential for development and showed significant tungsten oxide values.
Mining Weekly reported that precious metals company, Silvercrest Mines, has its eyes set firmly on attaining senior producer status in five years, as it plans to double production in its Santa Elena mine by 2014, and make a development decision on its La Joya project, which reportedly holds 75.1 million pounds of tungsten trioxide, by 2015.
Forbes reported that Northcliff Resources Ltd’s results of the Sisson Tungsten Project feasibility study puts it as one of the largest, outside of China, with 334 million metric tons of reserves containing 22.2 million metric tons of tungsten trioxide.
Mining Weekly reported that Toronto-listed Northcliff Resources announced the positive results of its feasibility study for the New Brunswick Sisson Project, which confirmed the openpit tungsten development as a strong project, technically and economically.