Australia's Newcrest Mining Ltd. said on Friday that the O'Callaghans tungsten mine, near its Telfer gold mine, would be capable of annual production 4,800 metric tons of tungsten.
Newcrest, Australia's largest gold miner, is conducting a feasibility study and will decide in the next 12 months whether to develop the resource.
Once developed, O'Callaghans would be twice as large as any other tungsten mine in the world, producing about 7% of global output, Newcrest said in a presentation.
Source: Trading Markets
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