The trade relations between China and the U.S. have been tense over the last few years. This past January, China and the U.S. signed a “phase one” trade deal, where China agreed to buy an additional $200 billion of American goods and services over the following two years.
A significant moment for Almonty Industries. Breaking ground for the ‘Monty B Portal’ at Almonty Industries’ Sangdong Mine finally sees construction of the World’s Largest Tungsten Mine commence in South Korea.
China controls the market for nearly 35 precious minerals and metals that are important for production and manufacturing, and tungsten is among them. However, Almonty Industries is growing its mining projects that are critical to increase supply levels and exports back to the United States.
At Beralt Tin and Wolfram (Portugal), S.A. (BTW) we are committed to embrace every single one of the UN Sustainable Development Goals, connected to our activity and stakeholders. See the sustainability program Almonty has conducted at its Panasqueira Mine.
News | Financial – https://news.financial has published an article titled ‘Developments Of Great Importance’ in which it lists Almonty Industries as an emerging force in its increasing ability to supply the raw material Tungsten to a resurging global manufacturing industry.
Almonty Industries Second Update For Sangdong Mine US$75M Project Financing And The Finalization Of The Facility Agreement.
Almonty Industries Inc. is pleased to provide a second update regarding the US$75M Project Financing with the KfW-IPEX Bank (“KfW”) for our wholly-owned Sangdong Mine.
A Survey of US Manufacturing Executives Illustrates the Concerns of China-Controlled Strategic Metals Supply Dominance
Almonty commissioned an online survey during the last week of June 2020, asking a series of raw material supply chain questions in front of roughly 150 business executives across industries such as construction, automotive, technology manufacturing, building products and electrical components.
The two Mayors from Covilhã and Fundão, the State Secretary for Tourism, and the President of Tourism in Portugal sign a Tourist Development Agreement at Rebordões with a total investment of 893 000€.
On FreightWaves’ Midday Market Update, Michael Vincent and Kevin Hill talk to Almonty Industries’ CEO and President Lewis Black about how strategic metals are used in freight and trucking.
Almonty Industries Inc. Completes A Non-Brokered Phase One Financing For The Construction of their Sangdong Mine of EUR€3.25 Million Plus US$500,000
Toronto – July 13, 2020 – Almonty Industries announces it has completed a non-brokered private placement of secured convertible bonds in the principal amount of EUR 3,250,000 (the “Bond Offering”) as well as a secured loan of US$500,000 (approximately CDN$680,000) for a total of CDN$5,680,000.
Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. The company owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; and the Sangdong tungsten mine situated in Gangwon Province, Republic of Korea; and the Valtre Valtreixal tin and tungsten project located in Zamora province, Western Spain. Almonty Industries Inc. is headquartered in Toronto, Canada.
Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Phone: +1 (647) 438-9766