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MoneyWeek reported Warren Buffet has recently invested in a mining operation looking for tungsten.
MoneyWeek reported Warren Buffet has recently invested in a mining operation looking for tungsten.
As quoted in the market news:
IMC Group is one of the world’s largest metalworking product firms. It’s 80% owned by Warren Buffett’s holding company Berkshire Hathaway. And IMC has recently invested $80m in a mining project.
It isn’t in the US, or indeed anywhere near it. It’s at Sangdong, in South Korea, and it’s controlled by a firm called Woulfe Mining (TSXV: WOF).