StrataGold Corporation reported initial results from the C$5 million 2008 diamond drill (DD) program on the Dublin Gulch property. For full story, click here For company’s website, click here
The current global consumption for Tungsten is approximately 80,000 tonnes per annum, with 60,000 coming from mines and the balance from recycled material. China is the largest producer and consumer, and they continue to grip the market, however, mining companies outside China are shifting gears- turning exploration focuses to tungsten.
China’s biggest tungsten producer Hunan Nonferrous Metals Corp’s H1 profit declined by 75% after snowstorms cut production. For more information, click here
New Jersey Mining Company reported that its Idaho Ramp has intercepted a high grade tungsten vein at the Golden Chest mine near Murray, Idaho. For more information, click here For company’s website, click here
The world is waiting to see what will happen to metals prices when the Olympics close. Tungsten prices are not an exception. As a precious metal that has 65% of its global supply harvested from one country, the price of tungsten can jolt when that country, China, makes the slightest move.
North American Tungsten Corporation Ltd. reported that it has mobilized crew and equipment in support of its 2008 summer program on its 100% owned Mactung property. For more information, click here For company’s website, click here
Max Resource Corp. reported that drilling continue’s at company’s Ravin tungsten and molybdenum project in Nevada. For more information, click here For company’s website, click here
Yankee Hat Minerals Ltd. reported that it has entered into two option agreements to acquire 100% interest in the Achtung Tungsten Project located in northwestern British Columbia and the Birdtung Tungsten-Tin Project located in southern Yukon Territory. For more information, click here For company’s website, click here
Over the past four years the price of tungsten has surged from $4 per pound to over $14 per pound. The surge in the price of tungsten has been caused by the fact the China has a monopoly on the market.
Woulfe Mining is a Canadian-based exploration and mine development company, with a diverse portfolio of precious and base metals projects in South Korea.
Friday, August 29, 2008