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Wolf Minerals to be largest tungsten producer outside of China, Russia

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Wolf Minerals’ (ASX:WLF, LON:WLFE) Hemerdon mine in southwest England may soon be the largest tungsten producer outside of China and Russia.

Hemerdon only started production last month, but the current top Western producer, Cantung in Canada, is in the equivalent of administration and being wound down.

Wolf's manging director, Russell Clark, commented in the company quarterly last week:

“The conclusion of commissioning activities in the September quarter, only 18 months after construction commenced, represents another major milestone in the development of Drakelands.

"With the inaugural shipments also taking place during this period, it was a successful quarter for Wolf.

“Drakelands is now under Wolf’s operational control and operating seven days a week on a trial basis.

"The focus in the next quarter will be ramping up the plant towards full production and optimising plant performance.

“The company has now realised its ambition of becoming a tungsten producer and we expect to provide a reliable, high quality supply of concentrate to our customers for many years into the future.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.


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