The week has proven to be stable for tungsten had a firm quotation. Many factories feel positive toward the tungsten demand. The market has been steady until May 21 wherein the price was reduced to 126,000-129,000 (tax-inclusive) from 130,000-132,000 yuan/ton. Click here to access the entire news
Read the full article: "Tungsten Products Review and Forecast from..."
Thursday, May 27, 2010
I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the inter-mediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the [...]
Read the full article: "The Market Oracle reported on Gld ETF..."
Thursday, May 27, 2010
Ormonde Mining plc (ISE:ORQ), an Irish junior mining company, is positive that Barruecopardo tungsten project, in Spain will more than double its operations before 2011. Ormonde MD Kerr Anderson is quoted saying: “We are now working to quantify precisely the benefits this new resource will have for mine designs and economic projections at Barruecopardo, as [...]
Read the full article: "Ormonde Mining Builds Tungsten Project in..."
Wednesday, May 26, 2010
King Island Scheelite (KIS) has announced an underground tungsten reserve at its Dolphin project, Tasmania, Australia. The reserve totals 1.63 million tonnes grading 11.30% WO3 for 21,150 tonnes at a 0.70% WO3 cut-off. This Dolphin reserve estimate is based on post-pillar, cut-and-fill underground mining per historic production. Click here to access the entire news
Read the full article: "King Island Scheelite Announces Tungsten..."
Wednesday, May 26, 2010
Geodex Minerals Ltd. (TSX-V:GXM), Canadian based resource company with a focus on the exploration and development of tungsten and molybdenum, has announced that they have started the second stage metallurgical program on the tungsten-molybdenum Sisson Brook deposit located in New Brunswick. Press release is quoted saying: “This additional metallurgical work is the next important step [...]
Read the full article: "Geodex Announces Sisson Brook Progam Update"
Tuesday, May 25, 2010
Woulfe Mining Corp. (CVE:WOF) reports its work schedule for 2010. Woulfe Mining is focused on the redevelopment of the world class Sangdong tungsten and molybdenum mine in South Korea. Woulfe is in a unique position with what the Board considers to be “The” tungsten project in the world with its 25 km of underground development [...]
Read the full article: "Woulfe Mining: Work Schedule for 2010"
Tuesday, May 25, 2010
China Represses Illegal Mining of Tungsten, Antimony, and Fluorspar according to the Ministry of Land and Resources (www.mlr.gov.cn). Ji Wenlin, director of ministry’s general office said that this action will put a stop on all exploration and mining operations without licence to operate. Click here to access the entire news
Read the full article: "China to Stop Illegal Earth Mining"
Tuesday, May 25, 2010
North American Tungsten Corporation Ltd. (TSX-V: NTC) has announced an the closing of an accumulated offering of CDN$3,250,000 by Convertible Debentures. This was previously announced on May 19, 2010. Stephen M. Leahy, Chairman & CEO of NTC is quoted saying: “The financing is subject to regulatory approval. It is anticipated that insiders of the Company [...]
Read the full article: "North American Tungsten Corporation Closes..."
Monday, May 24, 2010
Venture Minerals Limited (ASX:VMS) has reported that they have done an new scoping study for its Mt Lindsay Tin/Tungsten Project in North-West Tasmania. The new study has shown that the mining margins per tonne may increase by 300% to $80 per tonne. Click here to access the entire news
Read the full article: "Venture Minerals New Scoping Study Results..."
Monday, May 24, 2010
Hazelwood Resources Ltd (HAZ), focused on becoming Australia’s only Tungsten producer with 2 to 3% of world production, will raise US $7.5-million through a share placement to fund the construction of a ferrotungsten processing plant in Vietnam. Hazelwood’s Managing Director Terry Butler-Blaxell is quoted saying: “Hazelwood is pleased by the strong support received from investors [...]
Read the full article: "Hazelwood Resources $7.5M for Vietnam Plant"
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Thursday, May 27, 2010