China’s tungsten concentrate price started to dip since Q4 in 2008 and till Q1 of 2009 the average offer of domestic tungsten concentrate had remained at CNY 60,200 per tonne to CNY 61,900 per tonne slumping by 32.81%YoY. For full story, click here
Reports reveal that affected by the global economic recession, China’s tungsten concentrate price started to dip since Q4 in 2008 and till Q1 of 2009 the average offer of domestic tungsten concentrate had remained at CNY 60,200 per tonne to CNY 61,900 per tonne slumping by 32.81%YoY. For full story, click here
Tungsten explorer Vital Metals revealed that it will team up with Aragon Resources to take advantage of opportunities in tungsten mining in North Queensland. For full story, click here
North American Tungsten Corporation Ltd. declared that the National Instrument 43-101 Compliant Technical Report on the Mactung Property – Yukon, Canada prepared for the Company by Wardrop, A Tetra Tech Company, dated April 3, 2009, has been filed for public access on SEDAR. For full story, click here
Rwanda’s mining revenues are expected to fall by 40 percent to around $56 million this year, down from a record $94 million in 2008, as demand contracts for high-end minerals such as tin and tungsten and prices dip on the international market. For full story, click here
Freeport Resources Inc. announced an overview of its Red Rose tungsten-gold mine located in B.C. For full story, click here
China’s tungsten concentrate producers have increased offers by $146-293 to reach 64,000-65,000 yuan per tonne in bid to push up market sentiment. For full story, click here
Adex Mining Inc. declared that it has completed a National Instrument 43-101compliant Mineral Resource estimate for tungsten-molybdenum-bismuth sub-zone which make up the North Zone. For full story, click here
Malaga Inc. declared that it has closed the first tranche of a private placement by the issuance of a 5-year US$1,300,000 principal amount senior secured convertible promissory note to Global Tungsten & Powders Corp. For full story, click here
Thursday, April 30, 2009