Archive for November, 2008

Will China’s monopoly equal tungsten stability?

Tungsten, like all other metals has witnessed a precipitous price drop. Data coming out of China, producers of around 85% of the world’s tungsten, shows that most of the Chinese Ferro-tungsten makers have either shut down or decreased output.

Golden Predator to Receive $1 mn

Golden Predator Mines Inc. said that it will receive CDN $1 million plus accrued interest from Midway Gold Corp. pursuant to amendment and early repayment of a loan facility provided by the Company to Midway earlier this year. For full story, click here

Research Report on Tungsten Market of China

China has the richest resource of tungsten in the world. China’s proven reserves of tungsten were 1.8 million tons, accounting for 62% of the world’s total reserves, according to U.S. Geological Bureau data in 2005, For full story, click here