Berkshire Hathaway Invests in Korean Tungsten Project
Mining Weekly reported Warren Buffet’s Berkshire Hathaway International Metalworking Corporation has agreed to invest $80 million in Woulfe Mining’s (TSXV:WOF) South Korean tungsten project.
Archive for February, 2012
International Metalworking Companies Enter Into Agreement with Woulfe Mining
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) and its 100%-owned South Korean subsidiary, Sangdong Mining Corporation, have entered into agreements for a strategic arrangement with IMC International Metalworking Companies B.V. and certain of IMC’s affiliates.
Malaga Inc. Announces Updated Resource at Pasto Bueno Project
Malaga Inc.(TSX:MLG) announced that it has increased its resource by 140% at its Pasto Bueno Tungsten project. The Company announced the updated resource and reserve estimate which complies with its NI 43-101 on the Pasto Bueno project. Malaga are still to release the full results from its first exploratory drill campaign.
China’s Rare Earth Producers Rising
Bloomberg reported China stocks saw unusual movement on Thursday as the Shanghai Composite Index and the CSI 300 Index rose.
Geodex Announces Tungsten Mine Plans
Geodex Minerals Ltd. (TSXV:GXM,FWB:G2W) announced second phase of its plan for its Dungarvon 2011 tungsten drill discovery.
Colt Resources Announces Tungsten Results for Tabuaco Project
Colt Resources Inc. (TSXV:GTP,FWB:P01,OTCQX:COLTF) announced tungsten results from its Tabuaco tungsten project in Portugal.
Deer Horn Metals Reported Tungsten Endangered Element
Deer Horn Metals Inc. (TSXV:DHM ,OTCPINK:GODYF ) reported tungsten is considered an endangered metal by American Elements.
Adex Mining Announces Development Plan for Tungsten Project
Adex Mining Inc. (TSXV:ADE) announced a development plan for its Fire Tower zone tungsten-molybdenum-bismuth project in Canada.
New Hydroelectric Power Plant to be Built in Pasto Bueno
Together with Hidropesac, a joint venture between Malaga Inc. (TSX:MLG,OTCQX:MLGAF) and its Swiss partners, Emerging Power Developers and Stucky S.A., the company announced that a new hydroelectric power plant will be built on Malaga’s Pasto Bueno property in Peru.
IEMR Announces Tungsten Discovery at Pine Tree
IEMR (TSXV:IRI) announced assay results on its Pine Tree mine noting discovery of tungsten and other rare earths at its porphyry molybdenum-copper-silver prospect in Nevada.
