China Minmetals Corporation, a Chinese metals and mineral trading company, has signed an agreement with the Chenzhou city government to pursue its plan to spend $659 million for a five year exploration of rare earth minerals like Tungsten, Tin, and Bismuth in Hunan province. According to Xinhua, Chenzhou which is located in southern Hunan and [...]
Continue reading "Minmetals Invests More than $600M for Tungsten, Tin, and Bismuth"
Wednesday, February 18, 2009
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.
Continue reading "Sandvik Buys Tungsten Mine to Secure Supply"
Thursday, February 5, 2009
The Board of Directors of International Wayside Gold Mines Ltd. announced that Wayside and Cross Lake Minerals Ltd. have entered into a non binding agreement. For full story, click here
Continue reading "Agreement to Acquire QR Mine & Mill"
Sunday, February 1, 2009
European Ferro tungsten prices crept up for the week as buyers drew down inventories in Rotterdam. For a second week in a row, the Lunar New Year Holiday in China meant lack of supplies were coming out of the country.
Continue reading "Tungsten shortage buoys price"
Thursday, December 18, 2008
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.
Continue reading "Has China’s tungsten monopoly backfired?"
Wednesday, December 17, 2008
Golden Predator Mines Inc. is pleased to report that it has received final operational permits for its 100% controlled Springer Tungsten Mine, Pershing County, Nevada. For full story, click here
Continue reading "Golden Predator’s Springer Mine Receives Permitting Green Light"
Thursday, December 4, 2008
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.
Continue reading "Tungsten companies move forward"
Friday, November 28, 2008
Queensland Ores Ltd. fell by the most on record in Sydney after stopping production at its Wolfram Camp tungsten mine. For full story, click here
Continue reading "Queensland Ores Shares Plunge on closing tungsten mine"
Tuesday, November 25, 2008
Newcrest Mining plans to develop a new tungsten deposit at the huge Telfer mine in Western Australia, rather than sell it, in a move that could limit gold output in favour of other metals. For full story, click here
Continue reading "Newcrest bets on Telfer tungsten mine"
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Friday, May 21, 2010