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European tungsten producer Almonty advances Korean Sangdong project
A cement truck exits the Almonty Korea tungsten mine. Credit: Almonty.
Almonty Industries (TSX: AII; US-OTC: ALMTF) has two mines in Europe producing tungsten concentrate – the Los Santos mine in western Spain and the Panasqueira mine in Portugal – but it’s the Sangdong tungsten project in South Korea that has become the junior’s main focus in recent years.
Sangdong – once one of the world’s largest tungsten mines in production and still one of the few high grade tungsten deposits outside of China came into its portfolio in September 2015 when Almonty acquired its former owners, a Canadian company called Woulfe Mining, after a persistent courtship.