• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks
    market news

    Almonty Industries Signs EPC Contract for Sangdong Tungsten-Moly Mine

    Charlotte McLeod
    Dec. 28, 2017 10:15AM PST
    Industrial Metals

    Almonty Industries Inc. (TSXV:AII) announced that it has signed an engineering, procurement and construction (EPC) contract with POSCO E&C for the development works at the Korea-based Sangdong tungsten-moly mine.

    Almonty Industries Inc. (TSXV:AII) announced that it has signed an engineering, procurement and construction (EPC) contract with POSCO E&C for the development works at the Korea-based Sangdong tungsten-moly mine.
    As quoted in the press release:

    The EPC Contract, entered into on December 28, 2017 with POSCO E&C, one of the top tier general contractors in Korea and a subsidiary of the third largest steel mill in the world, is a turnkey based contract for the development and construction of primary facilities for processing tungsten ore mined out of the Sangdong Mine. Under the EPC Contract, POSCO E&C is responsible for not only engineering, civil & architectural, machinery & electrical works of processing plant and auxiliary facilities, but also commissioning of such facilities.

    Lewis Black, chairman, president and CEO of Almonty, commented:

    The signing of the EPC Contract for Sangdong Mine redevelopment will be an important and meaningful step to Almonty for bringing what was historically one of the largest and lowest cost tungsten mines in the world back into production. We are particularly pleased to work with POSCO E&C which is a part of the prestigious POSCO Group.

    Click here to read the full Almonty Industries Inc. (TSXV:AII) press release.

    tungsten mines in the worldmarket newstsxv:aiialmonty industries inc.tungsten mines
    The Conversation (0)

    Go Deeper

    AI Powered
    Nasdaq building with logo and screens in Times Square.

    Almonty Shares Rise on Nasdaq Debut Amid US Push to Secure Tungsten Supply

    Empire Metals (LON:EEE)

    Empire Metals: Advancing a Game-changing, Globally Significant Titanium Project in Western Australia

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES