Thor ups Tungsten production

Thor Mining yesterday raised its production at the Molyhil Tungsten and Molybdenum Project in Australia by a quarter to 4.7m tonnes. The firm said the tungsten at the site was high quality and situated near the surface, giving it confidence of an early return on capital.

Chairman of the Aim-listed company, Mick Billing, said: “The Molyhil story continues to get better and better. The recently announced improvement in recovery has positively impacted on the profitability and life of Molyhil, while this increase in the resource estimate provides further potential to extend the life of the mining operation.”