November 2021
Tasmania’s tungsten revival picks up steam
King Island’s Scheelite mine has been closed since the early 1990s, but that is about to change as demand for non-Chinese supply grows.
- Jacob Greber
February 2021
Australia funds tungsten mine to break China’s grip
Tasmania has provided $10 million to reopen a tungsten mine, with talks under way to secure federal funding in another step to break China’s near monopoly on critical defence-related materials.
- Angus Grigg
June 2018
How the Rich Invest: Tony Haggarty
Tony Haggarty has done it again, emerging with a big stake in the float of a coal miner this week to give him more than half a dozen holdings in the sector.
- Updated
- John Stensholt
November 2011
Afternoon resources round-up
Industrea, Perseus Mining, Central Asia Resources, Flinders Mines, Canyon Resources, Cokal, Orpheus Energy, Midas Resources, King Island Scheelite, Maximus Resources, NRW Holdings,
October 2010
Quarterly reports test miners’ mettle
Quarterly production reports have been coming thick and fast this month from both established and junior miners. So far they have been reasonably solid, but there have been some disappointments.
- Updated
- Justin Bailey
August 2008
Taking Stock
No lift for crane operator
- Brendon Lau, Nina Wan, Ayesha de Kretser, Jane Searle and Peter Wells
King Island Scheelite (KIS)
King Island Scheelite's share price, like that of many mineral exploration companies, has tracked closely the performance of commodity markets. Scheelite is the raw form of the metal tungsten, which is used mostly to harden steel. Tungsten prices have fallen from record highs around $US240 a tonne to about $US190, but the market remains strong. King Island Scheelite had embarked on a joint venture with China Hunan Nonferrous company, but said it would look for new partners to help start mining at its flagship project on Tasmania's King Island by mid-August if Chinese regulatory approval had not been received by then. The company announced a share purchase offer for existing shareholders on Wednesday, with the potential to raise just over $2 million if fully subscribed. The funds would be directed towards working capital.
- Ayesha de Kretser