Golden Predators Mines reported that holders of convertible debentures of issued by Great American Minerals have accepted a proposal to retire the debentures in exchange for securities of the company. For full story, click here
Boosted by the government’s incentives for the nonferrous metal sector, stocks of Xiamen Tungsten Co Ltd added 1.77% to RMB 14.99. For full story, click here
Hazelwood Resources reported that all outstanding assays from the recent drilling program at the Company’s wholly owned Big Hill Tungsten Deposit have now been received. For more information, click here
North American Tungsten’s shares rose on MacTung Project feasibility results. For full story, click here For company’s website, click here
As per researchers, Tungsten may not be as safe as it is thought. For full story, click here
Jiangxi Rare Earth and Rare Metals Tungsten Group Co Ltd will acquire a 20 percent stake in the Caldag project for $20 million and buy 50 percent of the mine’s nickel production, and Tianchen Engineering Corporation (TCC). For full story, click here
Once the economy bottoms, which may happen in some countries in 2009, there is a chance demand will be a bit stronger than seen during the past few weeks and prices would be a bit more supported. For full story, click here
Sultan Minerals Inc. is pleased to announce the discovery of a new area of tungsten and zinc mineralization on its Jersey-Emerald Property in southeastern British Columbia. For full story, click here
Amid growing calls for the mining industry to pay increased taxes to help the state with its revenue shortfall, the industry’s chief lobbyist went before lawmakers Monday to start building a case against singling out miners. For full story, click here
Sandvik AB of Sweden has agreed to buy Wolfram Bergbau- und Huetten-GmbH Nfg. KG of Austria. Sandvik is the worlds biggest maker of metal cutting tools. Sandvik is Wolfram’s largest customer, buying tungsten from the mine and processing plant.
Friday, February 27, 2009