Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.

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Almonty Industries Inc

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Comment by sage4huson Oct 20, 2015 12:26am

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Post# 24207254

RE:RE:RE:RE:Nix....Sangdong Mine Project.....

I learned that Korean Tungsten Inc.(in Korean) was the original name of the mine when Korean government founded the company(GSE) in 1952 after when WW II.
And Korean Tungsten Inc founded POSCO(world class steel manuf) with Korean government in 1968 - holding 25%.
Sangdong mine was closed in 1994. The company was sold to IMC Group in 1998 and its name changed to Taegu Tec. FWIW

Now Korea Tungsten is reviving as Almonty Korea Tungsten like a phoenix from ashes!
It's interesting that Taegu Tec shares the sam lineage. I think we probably will have businese relation with them in the future- just my opinion.

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