Mining News: Low prices force tungsten mine to close
Miner expects production shutdown at Cantung operation near Watson Lake, Yukon to last about six months before market rebounds
For Mining News
North American Tungsten Corp. Ltd.’s decision to shut down the Cantung Mine, Canada’s only producing tungsten mine, Oct. 15 comes at a time when tungsten prices are depressed and stockpiles of ore are climbing.
But company Chairman and CEO Stephen M. Leahy, told reporters in Brazil recently that he....
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History of shutdowns
Exploration to continue
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