Rising Nonferrous Metals confirms strategic investor in joint development of tungsten resource project of Hongling Company
2022-08-10 12:00:57 [Print]
On August 9, Rising Nonferrous Metals Share Co., Ltd., a holding subsidiary of Guangdong Rare Earth Industry Group, announced that the company has confirmed the strategic investor in the joint development of mineral resources project of Wengyuan Hongling Mining Co., Ltd. (hereinafter referred to as "Hongling Company").
Hongling Company is a wholly-owned subsidiary of Rising Nonferrous Metals, and has abundant scheelite resources in its mining area. At present, the proven tungsten trioxide resource reaches 64,054t, with an average grade of 0.158%; it also owns other associated metal mines, including 7,487.5t of Mo, 8,664.8t of Bi, 25,287.6t of Cu and 1,215.0t of Ga, with high resource value.
Hongling Company is a wholly-owned subsidiary of Rising Nonferrous Metals, and has abundant scheelite resources in its mining area. At present, the proven tungsten trioxide resource reaches 64,054t, with an average grade of 0.158%; it also owns other associated metal mines, including 7,487.5t of Mo, 8,664.8t of Bi, 25,287.6t of Cu and 1,215.0t of Ga, with high resource value.
Tungsten Oxide WO3 99.95%min FOB China
Unit:USD/mtu
China tungsten concentrate producers' suspension number statistics by province by month
Unit: pcs
