Looking good for tungsten

China's Tungsten Demand to Grow Eight Percent this Year

July 22, 2010 @ 11:56 am In Feature Articles, Tungsten Articles

By Leia Michele Toovey- Exclusive to Tungsten Investing News ^[1]

^[2]China is taking measures to make sure they will be able to supply their domestic tungsten demand; but these measures have a few countries calling foul play.

In 2010, it is estimated that China will account for 37 percent of the world's tungsten consumption, and the nations thirst for the metal is showing no signs of slowing down.  In order to meet their growing demand for minor metals, the country is once again curbing exports, a move for which they are already under investigation. At the current pace of exploration and production, China's resources of tungsten will last 20 years, and molybdenum ^[3] 100 years. The government will cap this year's output of tungsten at 80,0000 tonnes, antimony at 100,000 tonnes and rare earth ^[4] at 89,200 tonnes.

China's curbs on exports of some raw materials have triggered complaints by the European Union, U.S. and Mexico to the World Trade Organization (WTO).  The WTO is currently investigating if China's export curbs lend an unfair advantage to domestic manufacturers.  The nation in March said it stopped accepting applications for new mines to produce tungsten and antimony until June 2011. China holds approximately 50 percent of the world's known tungsten reserves.

Despite the current probe, the nation will continue to cut back shipment and production of minor metals to conserve resources and limit pollution, an official said. "Tungsten, molybdenum and vanadium ^[5] are mineral resources that give China an advantage and are non-renewable," according to Zhang Fengkui, division head of raw materials at the Ministry of Industry and Information Technology.

In China, the hard alloy sector uses the majority of the tungsten supply, accounting for 58 percent, or 14,504 mt of tungsten. It is forecasted that tungsten consumption by the local hard alloy sector will grow by 8 percent this year, reaching 15,660 mt,  Meanwhile, China's specialty steel sector will be the second-largest tungsten consumer, devouring 5,907 mt in 2010, up from 5,791 mt last year. This would account for 22 percent of China's national tungsten consumption this year.

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Petro Horizon Energy initiates a name change to Green Light Resources - for full release see http://www.PetroHorizonEnergy.ca

Adex Mining tests Mount Pleasant plant for production

Adex Mining tests Mount Pleasant plant for production
Ticker Symbol: C:ADE

Adex Mining Inc (C:ADE) 
Shares Issued 96,526,026
Last Close 3/2/2010 $0.125
Wednesday March 03 2010 - News Release

Mr. Errol Farr reports

ADEX ANNOUNCES PILOT PLANT TESTING OF PROCESSING OPTIONS FOR ITS MOUNT PLEASANT PROPERTY

Adex Mining Inc. continues with the the process development options outlined in its recently filed National Instrument 43-101-compliant preliminary assessment report on the North zone of its wholly owned Mount Pleasant mine property, located in southwestern New Brunswick, Canada.

Two potential North zone production options resulted from the PA -- the production of tin concentrate, indium sponge and zinc metal, and the production of tin concentrate and zinc-indium concentrate.

Adex has engaged SGS Lakefield to perform bench scale performance and locked cycle testing for its tin concentrate and zinc-indium concentrate production option and has secured a spot with SGS for commencement in April of pilot plant operations.

As well, Adex has engaged Thibault & Associates Inc. of New Brunswick for pilot testing and continuing development of a comprehensive flowsheet of its hydrometallurgical process for the production of zinc metal and indium sponge metal.

Results from pilot plant test work, expected by mid-summer 2010, will, if positive, lead directly to a definitive feasibility study ("DFS"), which will initially run concurrently with the final stages of the pilot plant programs. Positive results from the DFS as well as government regulatory approvals and project financing are expected to lead to a production decision before the end of 2010.

Pending the developments referred to above, Adex expects to be positioned to construct an access decline and begin engineering and procurement of processing equipment by early 2011. Concentrator production is targeted for late 2011.

The PA, which is available at SEDAR, indicated pre-tax internal rates of return ("IRR") for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49%, respectively. The PA also indicated an after-tax IRR of 22.55% for the tin concentrate, indium sponge and zinc metal production option, and an after-tax IRR of 18% for the tin concentrate and zinc-indium concentrate production option.

The PA and the economic analyses contained therein are preliminary in nature and contain "Inferred" mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Property hosts the tungsten-molybdenum bearing Fire Tower Zone ("FTZ") and the tin-indium-zinc bearing North zone. The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that produced and sold tungsten concentrate between 1983 and 1985.

FOR FURTHER INFORMATION PLEASE CONTACT:
J. Errol Farr, CMA
President, Chief Executive Officer and Director
Adex Mining Inc.
1-866-508-2339 (ADEX)
Email: investorrelations@adexmining.com 
Website: www.adexmining.com 

Adex Mining tests Mount Pleasant plant for production Ticker Symbol: C:ADE

Adex Mining tests Mount Pleasant plant for production

Adex Mining Inc (C:ADE) 
Shares Issued 96,526,026
Last Close 3/2/2010 $0.125
Wednesday March 03 2010 - News Release

Mr. Errol Farr reports

ADEX ANNOUNCES PILOT PLANT TESTING OF PROCESSING OPTIONS FOR ITS MOUNT PLEASANT PROPERTY

Adex Mining Inc. continues with the the process development options outlined in its recently filed National Instrument 43-101-compliant preliminary assessment report on the North zone of its wholly owned Mount Pleasant mine property, located in southwestern New Brunswick, Canada.

Two potential North zone production options resulted from the PA -- the production of tin concentrate, indium sponge and zinc metal, and the production of tin concentrate and zinc-indium concentrate.

Adex has engaged SGS Lakefield to perform bench scale performance and locked cycle testing for its tin concentrate and zinc-indium concentrate production option and has secured a spot with SGS for commencement in April of pilot plant operations.

As well, Adex has engaged Thibault & Associates Inc. of New Brunswick for pilot testing and continuing development of a comprehensive flowsheet of its hydrometallurgical process for the production of zinc metal and indium sponge metal.

Results from pilot plant test work, expected by mid-summer 2010, will, if positive, lead directly to a definitive feasibility study ("DFS"), which will initially run concurrently with the final stages of the pilot plant programs. Positive results from the DFS as well as government regulatory approvals and project financing are expected to lead to a production decision before the end of 2010.

Pending the developments referred to above, Adex expects to be positioned to construct an access decline and begin engineering and procurement of processing equipment by early 2011. Concentrator production is targeted for late 2011.

The PA, which is available at SEDAR, indicated pre-tax internal rates of return ("IRR") for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49%, respectively. The PA also indicated an after-tax IRR of 22.55% for the tin concentrate, indium sponge and zinc metal production option, and an after-tax IRR of 18% for the tin concentrate and zinc-indium concentrate production option.

The PA and the economic analyses contained therein are preliminary in nature and contain "Inferred" mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized with more detailed work. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Property hosts the tungsten-molybdenum bearing Fire Tower Zone ("FTZ") and the tin-indium-zinc bearing North zone. The FTZ is the site of a past-producing tungsten-molybdenum underground mining operation that produced and sold tungsten concentrate between 1983 and 1985.

© 2010 Canjex Publishing Ltd.

Geodex to start prefeasibility work at Sisson Brook

GEODEX PROVIDES CORPORATE UPDATE AND STRATEGIC DIRECTION

Geodex Minerals Ltd. has released a corporate update on progress during 2009 and announce its strategic direction for advancing its flagship Sisson Brook tungsten-molybdenum project in New Brunswick.

Strategic direction for 2010

Geodex's business plan remains focused on advancing its flagship Sisson Brook tungsten-molybdenum project toward production and maintaining an aggressive portfolio of prospective exploration properties in New Brunswick. The company announced in Stockwatch the closing of a $1.1-million private placement financing on Jan. 29, 2010, and has implemented a number of measures to maximize the use of its treasury and focus its resources on advancing certain aspects of the Sisson Brook prefeasibility program.

To read the rest Click Here

Adex sees interest grow in New Brunswick project

TORONTO (miningweekly.com) – Canadian junior Adex Mining, which plans to produce tin, indium, zinc, and eventually molybdenum and tungsten, from its flagship New Brunswick property, is getting a lot of interest in all five metals from potential customers or partners in Asia , North America and Europe, CEO Errol Farr said on Friday.

The company is "intimately involved" in talking about offtake agreements and partnership arrangements, for both the first and second phases of the operation, he said in an interview at the company's Toronto headquarters.

To read more click here

Adex Announces Filing of NI 43-101 Compliant Preliminary Assessment of the North Zone at its Mount Pleasant Property

Adex Mining Inc. is pleased to announce the filing of a National Instrument 43-101 ("NI 43-101") compliant preliminary assessment report (the "PA") on the North Zone ("NZ") of its wholly-owned Mount Pleasant Mine Property ("Mount Pleasant" or the "Property"), located in southwestern New Brunswick, Canada with the Ontario, British Columbia and Alberta securities commissions.

As reported in a press release issued by Adex on December 9, 2009 (Adex Mining Reports Indium, Zinc and Tin Production Options for Mount Pleasant North Zone), the results of the PA indicate that there are two potentially viable production options for the NZ, including the production of tin concentrate, indium sponge and zinc metal, and the production of tin concentrate and zinc-indium concentrate.  Based on a 10-year projected life for the NZ and production rate of 850 tonnes per day, the PA shows pre-tax internal rates of return ("IRR") for the tin concentrate, indium sponge and zinc metal production option and the tin concentrate and zinc-indium concentrate production option of 28.87% and 23.49%, respectively.

The press release issued by Adex on December 9, 2009 indicated an after-tax NPV and IRR for tin concentrate, indium sponge and zinc metal production option of $54.2 million and 23.94%, respectively, and an after-tax NPV and IRR for tin concentrate and zinc-indium concentrate production option of $21.5 million and 19.3%, respectively. A modification to the tax computation structure resulted in the reported after-tax values being slightly higher than the values currently indicated in the PA. The PA indicates an after-tax NPV and IRR for the tin concentrate, indium sponge and zinc metal production option of $47.2 million and 22.55%, respectively, and an after-tax NPV and IRR for the tin concentrate and zinc-indium concentrate production option of  $18.1 million and 18.0%, respectively. The pre-tax NPVs and IRRs are, however, consistent between the press release issued by Adex on December 9, 2009 and the PA. Adex's position is not materially affected by the changes in the after-tax results.

To read the full release click here

FOR FURTHER INFORMATION PLEASE CONTACT:

J. Errol Farr, CMA
President, Chief Executive Officer and Director
Adex Mining Inc.
1-866-508-2339 (ADEX)
Email: investorrelations@adexmining.com
Website: www.adexmining.com 

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"This e-mail is intended only for the person to whom it is addressed (the "addressee") and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use that a person other than the addressee makes of this communication is prohibited and any reliance or decisions made based on it, are the responsibility of such person. We accept no responsibility for any loss or damages suffered by any person other than the addressee as a result of decisions made or actions taken based on this communication or otherwise. If you received this in error, please contact the sender and destroy all copies of this e-mail"
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