CAPITAL MARKETS

Heemskirk into Spanish tungsten

SELF-described global mining house Heemskirk has wrapped up the $A21.5 million cash and scrip acquisition of a tungsten project in Spain that it aims to bring into production early in 2008.

Michael Quinn
Heemskirk into Spanish tungsten

Preliminary capital costs of developing the Los Santos project have been put at $US12 million ($A15.6 million) at processing rates of 140,000 tonnes. The company would not be drawn on output specifics,...

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