Bloomberg reported that mining company, Colt Resources Inc., will sign a contract with the Portuguese government today to explore tungsten in the country in the towns of Tabuaco and Penedono.
As quoted in the market news:
Colt, based in Montreal, expects to invest about 97 million euros ($129 million) in its search for tungsten and gold deposits in the towns of Tabuaco and Penedono, it said in an e- mailed statement today.
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