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Almonty delivers first ore to Sangdong mine’s ROM pad in South Korea
Yahoo Finance· 2025-12-17 11:06
Core Insights - Almonty Industries has commenced commercial mining at the Sangdong mine in South Korea, marking a significant milestone in its operations [1] - The Sangdong mine is crucial for diversifying the tungsten supply chain away from China, which currently dominates over 80% of the global tungsten market [3][6] - The mine's total mineral reserves are estimated at 8.57 million tonnes, with an average tungsten oxide content of 0.42% [5] Group 1 - The first truckload of ore has been delivered to the run-of-mine (ROM) pad, which is a central staging area for ore [1] - Ore extraction involves controlled blasting techniques, followed by transportation through a haulage system [1] - At the ROM pad, the ore is stockpiled by grade and undergoes primary and secondary crushing, grinding, and flotation to separate tungsten-bearing minerals [2] Group 2 - The resumption of production at the Sangdong mine aims to secure a reliable tungsten supply for key sectors such as defense, semiconductors, and aerospace [4] - The project will transition into a production stabilization phase as it moves towards full-scale commercial operations [5] - The Sangdong mine is positioned to restore Korea's historical role as a major tungsten supplier and serve as a cornerstone for a new tungsten supply chain independent of China [6] Group 3 - The long-term vision includes the development of a fully integrated strategic-mineral value chain, referred to as the 'Korean Trinity,' which will enhance Korea's position as a global hub for tungsten production and refining [7]