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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Bullboard Posts
Comment by sage4huson Oct 16, 2015 7:39pm
203 Views
Post# 24200307

RE:New Korean article, can somebody translate?

RE:New Korean article, can somebody translate?
Ok, the most of article we already know such as recent financials, etc. My summery below is from a different source, KWnews, dated on 10/6 Sang-chul Sohn, the president of Sangdong Mine, Almonty's Korean subsidiary, told that: 1. Almonty and Sangdong Mine had formed a task force right after the merger to expedite the development. They have discussed details of technical issues to fit the site and the area and they are in the final stage. 2. will select companies for Engineering Procurement Construction and sign the contract by the next month Start detailed facility plans in Nov 2015.; (construction in 2016); open mine in 1H 2017. 3. They are working with KECC( one of big Korean engineering companies who worked on preliminary design in early this year) to make contract and METSO( well known international mining consulting & equipment supplier) will likely be involved in designing & construction stage for (???) facility so that they can guaranty the completion of the plants and functionality.
Bullboard Posts