Korea Zinc invests in tungsten mine
Dec 09, 2010 | 11:28 AM
|
Canadian junior mining company Woulfe Mining Corp. has signed a deal with Korea Zinc Co. Ltd. for a controlling stake in Woulfe's Sangdong tungsten-molybdenum project in South Korea, Woulfe's top executive told shareholders in New York.
Under the terms of the deal, Vancouver, British Columbia-based Woulfe will manage the project until it goes online, while Korea Zinc will own 51 percent of the company and run the mine after production ramps up.
Korea Zinc will also market all of the mine's material.
"We have signed a heads of agreement (HOA6) deal and are just working out the final details," Brian Wesson, Woulfe's president and chief executive officer, said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here