North American Tungsten Corporation Ltd. (CVE:NTC) reports third quarter financial results for the period ending June 30, 2011.
Articles Tagged "north american tungsten"
Canadian Mining Journal reports North American Tungsten (CVE:NTC) reports third quarter production of 74,629 tonnes of WO3 from its CanTung mine.
Due to tight export controls the price of tungsten has been skyrocketing. In an interview with Tungsten Investing News, Pierre Monet President of Malaga Inc. talks about the tungsten market and their mining operations.
Tungsten prices continue to rise, gaining approximately 80 per cent since October of 2010. The lack of supply from mining operations in the West as well as increased domestic demand in China has supported the price of tungsten.
A lack of supply has been driving up the price of tungsten on the world market. The further reduction of exports from China is only exacerbating the problem. As new uses and the economic recovery take off new mining will have to make up the difference or severe shortages will be the reality. In an exclusive interview, Stephen Leahy, CEO of American Tungsten explains the factors driving the market.
North American Tungsten (CVE:NTC) announced that it has appointed the GM for the CanTung mine
North American Tungsten (CVE:NTC) announced that it has closed a deal including an aggregate of US$2,870,000 principal amount of convertible debentures.
NORTH AMERICAN TUNGSTEN CORPORATION LTD. (CVE:NTC) announced an offering of an aggregate of up to US$2,850,000 principal amount of convertible debentures . The Convertible Debentures mature on the date that is 36 months after the date of issuance and bear interest at 10.0% per annum, payable quarterly. The principal is convertible into common shares of [...]
China is taking measures to make sure they will be able to supply their domestic tungsten demand; but these measures have a few countries calling foul play.
China has had a long standing monopoly on the tungsten market, and has taken some questionable moves to maintain their domination of the market.