Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

W Resources signs up allmineral for La Parrilla plant’s new concentrator

"The award of the concentrator to allmineral is a significant milestone and a core part of the development and financing programme for La Parrilla”
agreement, handshake
All major plant contractors are now in place at the La Parilla mine in Spain

W Resources PLC (LON:WRES) told investors it has hired the German firm, allmineral Aufbereitungstechnik GmbH, which will provide design and construction services for the La Parrilla mine’s new concentrator.

The concentrator is the third core component of La Parrilla’s plant infrastructure, and the allmineral appointment comes after awards were made for the jig and mill and the crusher in 2017.

READ: W Resources receives preliminary approval from US fund for US$30mln loan for La Parrilla construction

It will represent the final stage of beneficiation in the process, which will yield a 66% tungsten concentrate and 62% tin final concentrate, the company highlighted.

"The award of the concentrator to allmineral is a significant milestone and a core part of the development and financing programme for La Parrilla,” said Michael Masterman, W Resources chairman.

“All major plant components are now contracted and aligned with the US$30 million term loan financing. Germany's allmineral is responsible on a fixed schedule and price contract for delivery of the both the Jig & Mill and Concentrator providing important integration benefits in project delivery."

READ: W Resources boosted by significant recovery in Tungsten prices

W Resources noted that the design put forward by allmineral targets maximum separation efficiency throughout and actively collects the fines generated from various processing stages to be reprocessed in a dedicated scavenging circuit, additionally it considers future potential incremental upgrades for the plant.

View full WRES profile View Profile

W Resources PLC Timeline

Big Picture
September 10 2018

Related Articles

1537405776_PSM-Gapyeong-targets.jpg
Thu
The company is hoping to mine its graphite flake, see it turned into concentrate, then produce spherical graphite to supply Korean lithium-ion battery-makers.
Gold bars
July 18 2018
The drill results had returned wide zones of mineralisation, the company said
worker on a hill
April 18 2018
The turnaround plan at the Drakelands mine is beginning to take effect

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use