About Almonty Industries

Almonty is focused on acquiring distressed and underperforming operations and assets in Tungsten markets that can benefit from its in-house operating experience and expertise.

Almonty is known as a very hands-on, turnaround investor-operator that is most effective in situations regarded as too complex or difficult for the average, pure "financial investor”.

Almonty has been successful in implementing very quick and very profitable turnarounds.  The company has completed its second turnaround and purchased its next project.


Almonty has just completed (June 2013) its second optimization, at its Los Santos mine in northern Spain.  Almonty acquired the project in September 2011and has been focused on utilizing its expertise in order to optimize operations, reduce costs and improve the tungsten recovery rate.  To date Almonty has been successful in improving the tungsten recovery rate to approximately 65%, representing an improvement of over 40% since the closing of the acquisition, reducing cash operating costs by 25% and increasing cash flow.


Prior to acquiring Los Santos, in 2005, Almonty identified and acquired poorly managed tungsten mining and processing operations located in Panasqueira, Portugal, through its control position in publicly traded, Toronto Venture Exchange company, Primary Metals Inc. (ticker-PMI).  Almonty refurbished operations, increased mine life and sold PMI in 2008 to the Japanese metals conglomerate Sojitz for a price of roughly 20x earnings, representing a thirty fold return on investment in 3 years.


Immediately following the optimization at Los Santos, Almonty purchased its next tungsten project, Valtreixal, located in northwestern Spain. The company plans on applying its tungsten expertise in making Valtreixal another Almonty success story…stay tuned!

Almonty is actively pursuing other growth opportunities via acquisitions where it can apply its tungsten expertise in order to create additional value for all stakeholders.  Almonty is focused on past producing mines, operations that are on care and maintenance, tailings stockpiles and other situations where near-term production and positive cash flow can be achieved.