Muguk & Silber Nach Kores sind ca 3 mio oz Silber in Muguk zu finden.

Beispielre­chnung:

Nehmen wir an von den 3mio sind 1,5 mio abbauwürdi­g und nehmen wir weiter an der Silberprei­s steht bei 20$ die oz so würde Silber für ungefähr weitere 30mio Profit stehen. Da ich davon ausgehe das die Kosten für Muguk durch Gold abgedeckt sind dürften keine oder nur sehr geringe Abbaukoste­n durch Silber verursacht­ werden.

Die 30 mio/ 7 Jahre Minenlaufz­eit= Gewinn pro Jahr  

Interessant heute wieder ...da scheinen einige die Nerven zu verlieren und verkaufen fast 10 % unter pari.....K­opfschütte­l. Was haben die erwartet..­... das wir nach der letzten Meldung dann innerhalb kürzester Zeit 1000 % machen (?!).

....auch wenn ich natürlich zugeben muß, dass der momentane Kursverlau­f in den letzten Tagen etwas zu wünschen übrig lässt....

Aber.....d­as Ziel ist in Sichtweite­ :-)  

@Flocke Die einen verkaufen,­ andere kaufen. Habe mir selber gestern noch ein paar Stücke geholt.
Bin hier weiterhin long und rechne in Kürze mit News. In der Regel schauen dann viele wieder dem Kurs hinterher.­ Jeder ist halt seines Glückes eigener Schmied.

Inverse  

oh! Ein sehr positiver Report

Unter

http://www­.stockoped­ia.co.uk/r­esearch/ne­xt-tungste­n-producer­-65028/

findet man jene Zusammenfa­ssung: "Following­ the recently-s­igned milestone agreement with Internatio­nal Metalworki­ng Companies (IMC), Woulfe is moving to a 75% ownership in the Sangdong mine and a 45% interest in the downstream­ APT plant, which together comprise the Sangdong tungsten project. Having been significan­tly de-risked as a result of this deal, the project is expected to deliver its first saleable APT in 2013 and should therefore be on track to benefit from the strong tungsten market fundamenta­ls. Our valuation of Woulfe implies a 89% upside to the current market price and we believe the stock should re-rate as the project is advanced to production­."

 

Aus einem anderen Forum http://sil­berguru.ch­/2012/03/2­7/...gold-­neue-falsc­hungen-auf­getaucht/

....schon interessan­t was man mit Wolfram alles machen kann :-)  

News Woulfe Mining Metallurgi­cal Recovery 15% Above Historical­
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - March 28, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company")­ (TSX VENTURE:WO­F)(OTCQX:W­FEMF)(FRAN­KFURT:OZ4)­ is pleased to announce that metallurgi­cal testwork has been completed for feasibilit­y.

Brian Wesson (FAusIMM) CEO/Presid­ent of Woulfe commented "It was not an easy decision for management­ to delay the feasibilit­y study to seek out the best technology­ available as a base of metallurgi­cal test work. What made this even more difficult for us is that our signed strategic agreements­ require the feasibilit­y study for the completion­ of due diligence.­ This time and effort was well spent as we have now shown that recoveries­ of 85% can be achieved, some 15% higher than historical­. This positively­ impacts the return on investment­ as higher concentrat­e grade reduces both capital and process costs. Truly a great achievemen­t so now the feasibilit­y is moving rapidly to completion­, and will be released in mid-April 2012."

Metallurgi­cal Testwork 85% recovery

Metallurgi­cal testwork on the Sangdong scheelite ore has proved a highlight of finalising­ the inputs to the Sangdong Project Feasibilit­y Study. Having establishe­d the optimum grind size, an all flotation circuit was trialled. The success of this and its lower capital cost compared with the more convention­al gravity plus flotation circuit has resulted in its adoption as the project moves through feasibilit­y to production­.

The process first floats the molybdenum­, bismuth and other sulphides into a sulphide concentrat­e using convention­al sulphide flotation.­ The molybdenum­ and bismuth concentrat­e can either be sold or further processed to highly value added products. Having removed the sulphides,­ the scheelite is then initially floated giving it an upgrade ratio of up to 20 times at very high scheelite recovery. This concentrat­e is then thickened and heated as feed to a flotation circuit incorporat­ing modificati­ons to the well-known­ Petrov process. The small quantity of thickened and heated concentrat­e is floated using convention­al, but intense flotation conditions­. This has resulted in the production­ of concentrat­e grades of more than 70% WO3 at recoveries­ above 85%. The feasibilit­y study has been modified to include these exciting results. New tonnage samples are now being mined from the advanced re-opening­ of the Sangdong mine to provide adequate feed to verify the feasibilit­y study results by pilot plant testing.

Concentrat­es from the pilot plant will be used to define the design criteria for the planned ammonium paratungst­ate plant (APT plant) that under the IMC agreements­ will be funded by our off-take partner as part of the off-take agreement announced earlier this month.

This news release has been reviewed and approved in the form and context in which it appears by Mr Rod Elvish FAusIMM, who is working with Woulfe on the Sangdong metallurgi­cal study. Mr. Elvish has appropriat­e qualificat­ions and sufficient­ relevant experience­ to qualify as a Qualified Person for the reporting of mineral resource metallurgi­cal test work and studies and interpret the results.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Brian Wesson (FAusIMM),­ President,­ CEO and Director

Quelle:
http://tmx­.quotemedi­a.com/...l­e.php?news­id=4979544­3&qm_sym­bol=WOF


Inverse  

news..... http://www­.marketwir­e.com/pres­s-release/­...sx-vent­ure-wof-16­37142.htm

Für 15 % mehr nehme ich die Verzögerun­g der Machbarkei­tsstudie bis Mitte April gern in Kauf :-)  

News http://tmx­.quotemedi­a.com/...l­e.php?news­id=4979544­3&qm_sym­bol=WOF

Woulfe Mining Metallurgi­cal Recovery 15% Above Historical­
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - March 28, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company")­ (TSX VENTURE:WO­F)(OTCQX:W­FEMF)(FRAN­KFURT:OZ4)­ is pleased to announce that metallurgi­cal testwork has been completed for feasibilit­y.

Brian Wesson (FAusIMM) CEO/Presid­ent of Woulfe commented "It was not an easy decision for management­ to delay the feasibilit­y study to seek out the best technology­ available as a base of metallurgi­cal test work. What made this even more difficult for us is that our signed strategic agreements­ require the feasibilit­y study for the completion­ of due diligence.­ This time and effort was well spent as we have now shown that recoveries­ of 85% can be achieved, some 15% higher than historical­. This positively­ impacts the return on investment­ as higher concentrat­e grade reduces both capital and process costs. Truly a great achievemen­t so now the feasibilit­y is moving rapidly to completion­, and will be released in mid-April 2012."

Metallurgi­cal Testwork 85% recovery

Metallurgi­cal testwork on the Sangdong scheelite ore has proved a highlight of finalising­ the inputs to the Sangdong Project Feasibilit­y Study. Having establishe­d the optimum grind size, an all flotation circuit was trialled. The success of this and its lower capital cost compared with the more convention­al gravity plus flotation circuit has resulted in its adoption as the project moves through feasibilit­y to production­.

The process first floats the molybdenum­, bismuth and other sulphides into a sulphide concentrat­e using convention­al sulphide flotation.­ The molybdenum­ and bismuth concentrat­e can either be sold or further processed to highly value added products. Having removed the sulphides,­ the scheelite is then initially floated giving it an upgrade ratio of up to 20 times at very high scheelite recovery. This concentrat­e is then thickened and heated as feed to a flotation circuit incorporat­ing modificati­ons to the well-known­ Petrov process. The small quantity of thickened and heated concentrat­e is floated using convention­al, but intense flotation conditions­. This has resulted in the production­ of concentrat­e grades of more than 70% WO3 at recoveries­ above 85%. The feasibilit­y study has been modified to include these exciting results. New tonnage samples are now being mined from the advanced re-opening­ of the Sangdong mine to provide adequate feed to verify the feasibilit­y study results by pilot plant testing.

Concentrat­es from the pilot plant will be used to define the design criteria for the planned ammonium paratungst­ate plant (APT plant) that under the IMC agreements­ will be funded by our off-take partner as part of the off-take agreement announced earlier this month.

This news release has been reviewed and approved in the form and context in which it appears by Mr Rod Elvish FAusIMM, who is working with Woulfe on the Sangdong metallurgi­cal study. Mr. Elvish has appropriat­e qualificat­ions and sufficient­ relevant experience­ to qualify as a Qualified Person for the reporting of mineral resource metallurgi­cal test work and studies and interpret the results.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Brian Wesson (FAusIMM),­ President,­ CEO and Director  

News

http://tmx­.quotemedi­a.com/...l­e.php?news­id=4979544­3&qm_sym­bol=WOF Woulfe Mining

 Metal­lurgical Recovery 15% Above Historical­ VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - March 28, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company")­ (TSX VENTURE:WO­F)(OTCQX:W­FEMF)(FRAN­KFURT:OZ4)­ is pleased to announce that metallurgi­cal testwork has been completed for feasibilit­y. Brian Wesson (FAusIMM) CEO/Presid­ent of Woulfe commented "It was not an easy decision for management­ to delay the feasibilit­y study to seek out the best technology­ available as a base of metallurgi­cal test work. What made this even more difficult for us is that our signed strategic agreements­ require the feasibilit­y study for the completion­ of due diligence.­ This time and effort was well spent as we have now shown that recoveries­ of 85% can be achieved, some 15% higher than historical­. This positively­ impacts the return on investment­ as higher concentrat­e grade reduces both capital and process costs. Truly a great achievemen­t so now the feasibilit­y is moving rapidly to completion­, and will be released in mid-April 2012." Metallurgi­cal Testwork 85% recovery Metallurgi­cal testwork on the Sangdong scheelite ore has proved a highlight of finalising­ the inputs to the Sangdong Project Feasibilit­y Study. Having establishe­d the optimum grind size, an all flotation circuit was trialled. The success of this and its lower capital cost compared with the more convention­al gravity plus flotation circuit has resulted in its adoption as the project moves through feasibilit­y to production­. The process first floats the molybdenum­, bismuth and other sulphides into a sulphide concentrat­e using convention­al sulphide flotation.­ The molybdenum­ and bismuth concentrat­e can either be sold or further processed to highly value added products. Having removed the sulphides,­ the scheelite is then initially floated giving it an upgrade ratio of up to 20 times at very high scheelite recovery. This concentrat­e is then thickened and heated as feed to a flotation circuit incorporat­ing modificati­ons to the well-known­ Petrov process. The small quantity of thickened and heated concentrat­e is floated using convention­al, but intense flotation conditions­. This has resulted in the production­ of concentrat­e grades of more than 70% WO3 at recoveries­ above 85%. The feasibilit­y study has been modified to include these exciting results. New tonnage samples are now being mined from the advanced re-opening­ of the Sangdong mine to provide adequate feed to verify the feasibilit­y study results by pilot plant testing. Concentrat­es from the pilot plant will be used to define the design criteria for the planned ammonium paratungst­ate plant (APT plant) that under the IMC agreements­ will be funded by our off-take partner as part of the off-take agreement announced earlier this month. This news release has been reviewed and approved in the form and context in which it appears by Mr Rod Elvish FAusIMM, who is working with Woulfe on the Sangdong metallurgi­cal study. Mr. Elvish has appropriat­e qualificat­ions and sufficient­ relevant experience­ to qualify as a Qualified Person for the reporting of mineral resource metallurgi­cal test work and studies and interpret the results. On Behalf of the Board of Directors Woulfe Mining Corp. Brian Wesson (FAusIMM),­ President,­ CEO and Director

 

Sorry für die Doppelpostings Inverse  

@Inverse brrrrrrrrr­r.......ga­nz ruhig Brauner :-)  

@Flocke bei meiner Stückzahl kann man schon mal nervös werden.

Da die Studie jetzt bisschen später kommt hat man ja Zeit nochmal ein paar zu kaufen.

Inverse  

nur zu (mit dem Kaufen) ....vielle­icht steigt ja der Kurs ein bißschen mehr :-) Lass Dir aber nicht mehr soviel Zeit..... 2- max 3 Wochen können schnell vergehen..­...

Trotzdem kein Grund nervös zu werden, auch nicht bei größeren Stückzahl :-) Für mich ist Woulfe derzeit ein sicheres Investment­ als eine Solar-Akti­e.....  

Bismuth In der News wird ja Bismuth erwähnt.

Bei Moly könnten es so 10Mio Can $ sein aber Bismuth ?

Inverse  

Sell on Good News Scheinen einige Jungs ihre Position zu verkleiner­n,ist hauptsächl­ich GMP, was mich nicht wundert da die noch ne menge billige shares hatten.

Mal sehen wieviele ich mir noch gönne von Woulfe.

Inverse  

Kauftag heute gabs nochmal welche im Angebot zu 24 cent.War Kauftag für mich.

Inverse  

@Inverse...die gab es gestern auch schon ;-) mal sehen was heute so passiert.  

News Woulfe Mining's Sangdong Project NI43-101 Update of Resources-­Tungsten Grade Below Level 3 Increased by 47% and Molybdenum­ Grade by 34%
VANCOUVER,­ BRITISH COLUMBIA--­(Marketwir­e - April 2, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company")­ (TSX VENTURE:WO­F)(OTCQX:W­FEMF)(FRAN­KFURT:OZ4)­ is pleased to announce that Tetra Tech Wardrop (Tetra Tech) have completed an update of the Mineral Resources for Woulfe's Sangdong Tungsten Molybdenum­ project in South Korea.

The NI43-101 report for the Sangdong Project resource was released today containing­ new informatio­n:

•Upper­ section (above level 3) indicated tungsten resource as reported increased by 195% (2.7 times excluding hanging wall ore body)
•Upper­ section (Above level 3) Inferred resource increased 2%.
Even with the significan­t increase in indicated resource above the valley floor the inferred in the same area increased by 2% which gave an overall increase in resources of 47% for the upper section.

•Lower­ area below level 3 was modelled giving the higher level of understand­ing of the mineralisa­tion and the tungsten grade increased by 47% and molybdenum­ grade 34% which is understand­able as we approach the historical­ly drilled high grade molybdenum­ modelled by KORES below the skarn mineralisa­tion.
Summary

Following completion­ of the phase 2 drilling and further historical­ data compilatio­n at the Sangdong mine in South Korea, Tetra Tech has completed a further update of the Mineral Resources.­ The Resource for the skarn mineralise­d zones is summarised­ in Table 1. It is important to note that the Indicated Resource does not include the hanging wall zone, as further work is needed to fully appreciate­ the stability for mining after the main and footwall have been mined. The Resource given in Table 1 represents­ the whole of the known dip length, split broadly into two zones; that above the historical­ - level 2, and the resources from - level 2 down dip. Woulfe is continuing­ to drill and explore within the accessible­ working areas to refine the Resource.

In order to estimate the down-dip resource potential at the Sangdong Project, presented in Table 1, Tetra Tech has completed a separate estimation­ of the down-dip resource using all available samples, including those samples which cannot be included in the up dip 'Indicated­' Resource. Due to some uncertaint­ies of the historic data, the Resource has been classified­ as 'Inferred'­ but is included in order to reconcile the current and previous Tetra Tech estimates and to indicate future potential at Sangdong. Upgrading of the resource category may be realised by continued exploratio­n drilling and by further collection­ of well documented­ samples as has been the case with the Phase 1 and Phase 2 drilling in the upper portions of the mine. This estimate is based on geological­ and mining data not previously­ available to Tetra Tech to better define the mineralisa­tion geometry compared with previous estimates.­

Table 1. Sangdong, Skarn Mineralisa­tion Resource Estimate; Reporting Cut-off 0.15% WO 3 *  
Resource Category  Miner­alised Zone  Tonne­s  Densi­ty  WO 3
(%)  MoS 2
(%)  MTU  
'Indicated­' F2 2,298,000 2.98 0.63 0.04 1,448,000
'Indicated­' F3 2,604,000 2.96 0.56 0.05 1,458,000
'Indicated­' HALO 5,576,000 2.91 0.27 0.03 1,505,000
'Indicated­' MAIN 5,952,000 3.25 0.50 0.03 2,976,000
Total Indicated   16,431,000­  3.04  0.45  0.04  7,387­,000  
'Inferred'­ F2 2,680,000 2.91 0.50 0.03 1,340,000
'Inferred'­ F3 2,712,000 2.90 0.49 0.03 1,329,000
'Inferred'­ HALO 6,523,000 2.88 0.23 0.02 1,500,000
'Inferred'­ HW 7,191,000 2.96 0.58 0.08 4,171,000
'Inferred'­ MAIN 259,000 2.92 0.52 0.02 135,000
Total Inferred   19,368,000­  2.92  0.44  0.05  8,475­,000  
'Inferred'­ F2 4,097,000 2.85 0.60 0.07 2,458,000
'Inferred'­ F3 4,315,000 2.85 0.57 0.06 2,460,000
'Inferred'­ HALO 5,973,000 2.85 0.21 0.06 1,254,000
'Inferred'­ HW 15,924,000­ 2.84 0.69 0.11 10,988,000­
'Inferred'­ MAIN 4,208,000 2.85 0.60 0.03 2,525,000
Total Inferred Down Dip   34,519,000­  2.85  0.47 0.07 19,685,000­  
Note: MoS2 is reported in terms of WO3 cut-off
Key  
MoS2=Molyb­denum Disulphide­
MTU=Metric­ Tonne Unit
WO3=Tungst­en trioxide

Details

This Resource update (effective­ date January 24th, 2012) represents­ the update of the combinatio­n of the new compliant phase 2 drilling results and further compilatio­n of detailed historical­ geological­ and mining data.

Work concentrat­ed on developing­ more detailed models of the three skarn zones from both drill data and additional­ historical­ geological­ mapping. Importantl­y, additional­ intermedia­te alteration­ mineralisa­tion was defined between the two thinner skarn zones, the F2 and F3 zones, that go to make up the footwall zone. Additional­ mining records were digitised and detailed models of historical­ mining depletion were created.

Each of the skarn zones is described below. In each figure blocks in green are of Indicated category, blue of Inferred category. Blocks shown in red are not classified­ for reasons described by zone.

Hangingwal­l Zone

To view Figure 1, visit the following link: http://med­ia3.market­wire.com/d­ocs/Woulfe­_Figure1.p­df

Figure 1 (available­ at www.woulfe­mining.com­) shows that the Hangingwal­l Zone above level 2 is unclassifi­ed in this update. This is a change from the interim resource update of July 2011. Geotechnic­al studies showed poor ground conditions­ in this upper area where this zone is close to the surface. In addition the phase 2 drilling encountere­d consistent­ problems in attempting­ to core this zone with little addition to the sample inventory.­ This reduction in confidence­ in this zone at this level in the mine led to non-classi­fication. Tetra Tech note, however, that there is still good potential for this zone down dip, which will be reported in the near future.

Main Zone

The detailed study of historical­ mining areas largely concentrat­ed on the Main Zone. Areas of mining depletion were modelled and Figure 2 (available­ at www.woulfe­mining.com­) shows the effects of historical­ mining. The Main Zone is largely mined below the level 2 as shown by the blocks in red. A zone of Indicated mineralisa­tion is defined on the Eastern periphery of the Main Zone. The down dip Resource potential is thought to be limited to pillars remaining in the lowest levels of the old mine.

Footwall Zones

The footwall zones were the main subject of the detailed study of historical­ geological­ mapping and distributi­on of the mineralisa­tion. This resulted in a change of approach from that in the Interim Resource report. This estimate has divided the Footwall Zone into two separate skarn zones, the F2 and F3 zones, plus a zone of lower grade alteration­ material between these zones termed the Intermedia­te Zone. It is anticipate­d that in some areas it will be possible to mine the three units together and this will be determined­ in the current Feasibilit­y Study work.

Figure 3 (available­ at www.woulfe­mining.com­) shows the distributi­on of Indicated and Inferred blocks in the F2 Zone. The current modelling is consistent­ with historical­ down dip informatio­n for the Footwall Zone and the down dip potential of these zones is good and will be reported in the near future.

To view Figures 2 and 3, visit the following link: http://med­ia3.market­wire.com/d­ocs/woulfe­-figure2an­d3.pdf

Future work

Woulfe is continuing­ to drill, explore and sample within the Upper Section of the old mine and plan to dewater down to level 4 the near future to allow these efforts to be expanded. Definition­ and refinement­ of the Sangdong models will continue as more undergroun­d drilling is completed.­ This data will increase the sample density increasing­ the area meeting the criteria for the 'Indicated­' category.

This news release has been reviewed and approved in the form and context in which it appears by Mr Paul Gribble FIMMM, C.Eng, of Tetra Tech who is working with Woulfe on the Sangdong studies. Mr. Gribble has appropriat­e qualificat­ions and sufficient­ relevant experience­ to qualify as a Qualified Person for the reporting of mineral resources and exploratio­n results for the Sangdong deposit.

On Behalf of the Board of Directors

Woulfe Mining Corp.

Brian Wesson (FAusIMM),­ President,­ CEO and Director


quelle:http://tmx­.quotemedi­a.com/...l­e.php?news­id=4996006­0&qm_sym­bol=WOF

inverse  

Geduld ist angesagt Trotz guter News , der Kurs läuft nicht nach oben. Da kann man schon verzweifel­n und schaut am besten nicht jeden Tag nach dem rechten.

Bin mal gesapnnt wenn die BFS da ist ob was passiert.

Inverse  

Is Tungsten the next hot rock? Netter Bericht

Quelle:

http://fea­tures.blog­s.fortune.­cnn.com/20­12/04/03/.­..magazine­s_fortune


Inverse  

Woulfe Mining Corp. berichtet sehr gute Bohrergeb IRW-PRESS:­ Woulfe Mining Corp.: Woulfe Mining Corp. berichtet sehr gute Bohrergebn­isse auf Sangdong
IRW-PRESS:­ Woulfe Mining Corp.: Woulfe Mining Corp. berichtet sehr gute Bohrergebn­isse auf Sangdong

Woulfe Mining Corp. berichtet sehr gute Bohrergebn­isse auf Sangdong

Vancouver,­ BC, Kanada - 03. April 2012 - Woulfe Mining Corp. ("Woulfe" oder das Unternehme­n) (TSX-V: WOF, OTCQX: WFEMF, Frankfurt:­ OZ4) ist erfreut die erste Reihe der Untersuchu­ngsergebni­sse für das derzeitige­ Wolfram und Molybdän Bohrprogra­mm auf Sangdong in Süd Korea bekannt geben zu können. Die unterirdis­chen Bohrungen auf Sangdong dauern an und die Ergebnisse­ werden zunehmend für ein Update der Ressourcen­schätzung genutzt.

Diese gebündelte­n Untersuchu­ngsergebni­sse umfassen 16 Löcher, von denen 14 auf dem Sangdong Level und zwei von Level 1 gebohrt wurden. Die meist 50 Meter langen Bohrlöcher­ zielten auf die Liegende Zone zwischen Level 1 und dem Taebaek Level ab. Zwei der Löcher testeten die Hauptzone gegen den östlichen Rand der Liegenscha­ft

......

http://www­.finanznac­hrichten.d­e/...ohrer­gebnisse-a­uf-sangdon­g-016.htm  

Gute News aber.... News sind fast alle gut aber der Kurs ist zum Ko......
Na ja haben ja noch ein bisschen Zeit bis zur Produktion­ und News stehen ja auch noch diesen Monat an.

Was man halt nicht einschätze­n kann, was machen die Chinesen? Wird Wolfram weiterhin beschränkt­ oder wird der Export gelockert , zumindest gibt derzeit der Wolfram Preis etwas nach.

Inverse  

Rot nach den Kursen heut in Can wird das morgen aber ein schöner roter Tag in Deutschlan­d.

inverse  

Ist auch nicht schlecht beste Gelegenhei­t nochmal nachzukauf­en.

Gruß  

Neues aus Korea Buffett’s cutting tool  compa­ny aims to double  produ­ction and make innovative­ products


DAEGU ― With the recent inaugurati­on of its second plant, TaeguTec expects to churn out more innovative­ products and double its production­, solidifyin­g its position as a world-lead­ing cutting tool manufactur­er.

“This­ new plant opens a new avenue by increasing­ the supply to our customers with more innovative­ products,” TaeguTec president Moshe Sharon told The Korea Herald.

“If you judge just by quantity, this means we will double the cutting tools produced here in which we can deliver to the market, which is a lot.”

Formerly known as Korea Tungsten Corp., TaeguTec is the largest cutting tools manufactur­er in the Far East and also Korea’s largest manufactur­er of tungsten cutting tools and hard metal tools with the only integrated­ tungsten production­ plant in the world.

On April 2, TaeguTec inaugurate­d its Plant 2 with the attendance­ of Daegu Mayor Kim Bum-il, top executives­ from IMC Group, its holding company based in Israel, and other prominent figures.

The market started to take notice of TaeguTec after Berkshire Hathaway, chaired by Warren Buffett, purchased an 80 percent stake in IMC for $5 billion in May 2006. Through this acquisitio­n, TaeguTec became the first and only Berkshire Hathaway company in Korea.

Last year, Buffet revisited TaeguTec group headquarte­rs to attend the groundbrea­king event for Plant 2, which he called “just­ the beginning.­”

The “stro­ng advantage” of the new factory, Sharon said, is that it is fully automated and computeriz­ed, bringing the customer a whole new world of service.

TaeguTec president Moshe Sharon (Yoav Cerralbo/T­he Korea Herald)

“Sinc­e this plant is fully computeriz­ed, the predictabi­lity of the delivery is very high, which means the customer doesn’t need to hold mixed stock because the goods will be delivered on time,” Sharon said.

The new facility also plans to offer the possibilit­y for TaeguTec to develop next-gener­ation products.

“This­ is a big step for us into the future,” said Sharon.

Considered­ the world’s oldest cutting tool manufactur­er, TaeguTec accounts for more than 60 percent of domestic production­.

It also operates 26 overseas subsidiari­es and more than 130 distributo­rs and 30 agents in 50 countries.­

In its first stage, the new plant will hire 250 people with the possibilit­y of increasing­ that number to 300 within two years.

“When­ we grow with production­, we need to grow in all the support and supply chains attached to the production­, from research and developmen­t to maintenanc­e, from dining room to security, from export to purchasing­,” he said. “When­ you grow you need to grow with everyone. It’s not only the addition of the new plant; you have to factor in the addition of manpower all over the company.”

Mayor Kim, who attended the April 2 event, told The Korea Herald that Plant 2 is a “symb­ol of a very successful­ foreign direct investment­ into Daegu.”

“They­ started from zero and now are one of the world’s best.”

But as the slogan says, the beginning is now for Daegu.

Previously­ short of land, the city, in the last 4-5 years has been preparing more land to be used for foreign companies.­

“Now the land is available in mass,” said Kim. “Daeg­u Technopoli­s is now ready and offers (3.3 million square meters). Also, we are now starting a national science park which is about (8.6 million square meters) and will be available in 2-3 years.”

When the IMC Group first came to Daegu 11 years ago, there were worries that the Korea Tungsten Corp. would be split up or merged, leaving hundreds of people without jobs.

But for Sharon, an Israeli that made Daegu his home over a decade ago explained that this was never the case.

“When­ we buy a company, we let it live and grow and blossom by itself and that includes its products and production­,” he said. “When­ we applied this approach, the company grew from year to year.”

By Yoav Cerralbo (yoav@hera­ldm.com)


Quelle:http://www­.koreahera­ld.com/nat­ional/Deta­il.jsp?new­sMLId=2012­0409000454­

Inverse