Mineweb reports that Peru's Ministry of Mines says mining of minerals is mixed as investments have gone up.
Articles Tagged "minerals"
Adex Mining Inc.(ADE.V) has announced its partnership with Lakefield, Ontario’s SGS Lakefield Research Limited to test the hydrometallurgical treatment of Molybdenum concentrate from the Fire Tower Zone at Adex’s Mount Pleasant Mine Property. If the test work is positive, it will lead to the colick here to acmpany’s upgrade related to its production of tungsten [...]
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 [...]
Since the announcement of restarting tungsten and tin production at Hemerdon in the United Kingdon in 2007, Australian-based Wolf Minerals (ASX: WLF) has big hopes of starting the plan. The Devon mine is believed to be one of the world’s largest sources of tungsten and tin and the plan is possible since Tungsten is in [...]
The ferro-tungsten market has been stagnant in recent weeks, with only a handful of transactions taking place. Last Friday, in China, inactivity translated into a dip in prices. Ferro-tungsten fell to $25.90 a kilogram, down from the recent rate of $28.00 per kilogram.
The tungsten market has been quiet for ’09. Ferro-tungsten prices have been slowly creeping up due to short supply, so it is exploration as usual for the tungsten business. Tungsten exploration outside of China is critical, as the country has a monopoly on the metal used for military and aeronautical equipment.
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.
Holiday retail sales were worse than anticipated. The jewelry market was hardest hit, luxury goods sales were down as much as 34%. However, the new Tungsten jewelry market faired exceptionally well over this holiday season.
The report represents another milestone in Sultan’s efforts to expedite the re-opening of this historic tungsten and lead-zinc producer which was formerly owned and operated by Placer-Dome. 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.