JOHANNESBURG (miningweekly.com) – The first major commercial production of tungsten from a new mine under construction in Zimbabwe is expected in June.
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Brian Wesson CEO of Woulfe Mining spoke at the Objective Capital Global Mining Investment Conference about their South Korea tungsten Full video at: http://objectivecapitalconferences.com/ocic/globalR2011-videos.php
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President and CEO Peter Secker, Chief Operating Officer Charles Taschereau and General Manager, Yves Desrosiers describe Canada Lithium's Quebec Project. Canada Lithium Corp., a "clean-tech" mine developer is constructing an open-pit lithium carbonate mine and processing plant in Lacorne Township near Val d'Or, Quebec to meet the growing needs of the emerging global market for electric and hybrid electric vehicles, as well as grid-storage solutions. It is anticipated that commissioning of the mine and plant will occur in late 2012 and full production of an annualized 20,000 tonnes of lithium carbonate to commence in Q3 2013. Metallurgical tests have produced battery-grade lithium carbonate from deposit samples and the Company plans to market its products in North America, Europe and Asia. The Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF. More About Canada Lithium Corp.: Website - http://www.canadalithium.com Twitter - https://twitter.com/canada_lithium Facebook - https://www.facebook.com/pages/Canada-Lithium-Corp/187183721413381 Visit Canada Lithium's StockNetwork Profile - http://stocknetwork.com/pubco/profile/CLQ:CA ***Video produced by StockNetwork Media in association with StockNetwork.com
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Petsec Energy Limited (ASX:PSA) said that the Company and its joint venture partners which includes China National Offshore Oil Corporation Limited (HKG:0883) (NYSE:CEO) have approved the Final Investment Decision for the development of the 6.12, 6.12 South and 12.8 West oil fields in Beibu Gulf, China. The Project is estimated to be able to produce gross 2P reserves of 24 MMbbl of oil and the first oil production is expected before year end 2012. Development capital expenditure is estimated at US$300 million. Hazelwood Resources Limited (ASX:HAZ), which has a majority stake in the ATC Ferrotungsten Project in Vietnam said that construction of the ferrotungsten refinery, which is the largest of its kind outside of China, is nearing completion. Commissioning activities are expected to commence during the current quarter. Hazelwood's 100% owned Big Hill Tungsten Deposit in Western Australia will be a source of feedstock for the ATC Ferrotungsten Project. TNG Limited (ASX:TNG) will evaluate the potential for producing ferro-vanadium at its Mount Peake Iron-Vanadium Project in the Northern Territory after receiving outstanding results of the recent scoping study. The study suggests a 24-year mine life with an annual ore processing rate of 5 million tonnes. The Project is expected to generate strong financial returns, with average annual net cashflow after capital expenditure exceeding A$148 million. Catalpa Resources Limited (ASX:CAH) has completed stage 1 drilling program and extended high grade gold zones at the multi-million ounce Edna May Gold Project in Western Australia. Latest intersections include 3.7 metres at 9.2 grams per tonne gold. Results from the stage 1 drilling program will be included in an update of the Underground Inferred Mineral Resource of 660,000 tonnes at 9.1g/t for 195,000 ounces of gold planned for March quarter 2011. Accelerated drill programs are scheduled throughout 2011.
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