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 [...]
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
Despite the long progress and the global economic meltdown, Geodex Minerals ltd. announced that the outlook for the mining of tungsten remains positive at Sisson Brook. Geodex district manager Dave Martin, said: The key metal that we’re looking for at Sisson Brook, tungsten, is still staying strong. For full story, click here
Geodex has reported the completion of an Updated Preliminary Economic Assessment Report on Its Sisson Brook Tungsten-Molybdenum Deposit, New Brunswick. For full story, click here
Mineralised skarns at Victor, which were not exploited by historic mining, had significant potential to host economic tungsten and copper. For full story, click here
Shenzhen, the Chinese city that accounts for 60 per cent of China’s total annual exports, is witnessing declining demand for tungsten. In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry.
Tungsten, like all the other metals, has seen a large amount of its value lost in the 2008 market crash. However, some stability has been lent to tungsten due to the fact that China has a monopoly on the market.
StrataGold announces positive preliminary economic assessment on the Mar-Tungsten Deposit, Yukon. For full story, click here
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