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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

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.


TSX:AII - Post by User

Bullboard Posts
Post by sage4huson Jul 10, 2019 2:21pm
186 Views
Post# 29905117

Pilot plant is to be completed in this month

Pilot plant is to be completed in this monthOk, chizzles, I just checked to find a news in a local news media- 2 day old.
- Pilot plant is to be completed in this month
- Over the past several months, their plans for implementation of the environmental impacts and environmental damage prevention were throughly reviewed by professional technical inspectors.

https://www.kado.net/?mod=news&act=articleView&idxno=976733

Google translated
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Construction of a pilot plant, a pilot plant, was completed within this month for the Yongwol Sangdong mine redevelopment project, which is underway since 2010.
 
Almonti Korea Tungsten Co., Ltd. (CEO Kim Yong-woo) has started negotiations with a German state-run bank last October for a loan of US $ 73 million, and is in the process of finalizing the final loan conditions.
 
In addition, this year, over the past several months, we have been verifying concrete plans for implementation of the environmental impacts and environmental damage prevention and monitoring programs planned during the construction period from professional technical inspectors. Based on international and domestic laws, Detailed implementation plan for each item is being established.
 
In particular, the Korea Engineering Technology Analysis Team collaborated with the research team of Dr. Jeon, Ho-Seok of the Korea Institute of Geoscience and Mineral Resources (KIGAM) to establish a pilot plant for the construction of a pilot plant between the Sangdong mine experiment facility and the production plant. I went ahead.
 
With pilot plants which are scheduled to be completed in this month, we are planning to evaluate pilot production through a Locked Cycle Test to go to the mass production stage.
 
In October last year, the world's tungsten mine development company, ALMONTI (Korea Lewis Black) and the Korea Institute of Geoscience and Mineral Resources (President Kim, Bok-cheol) transferred the patent for beneficiary technology for Sangdong mine development and the scheelite high efficiency float sorting and process technology transfer I also signed a contract.
 
Officials from Al Monticoria said, "We will manufacture tungsten as soon as possible with POSCO E & C and plant equipment suppliers who have signed an EPC contract for the redevelopment of Sangdong mine."
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