Almonty Industries said the development of the road and river diversion project continues at the Sangdong Mine site in South Korea. Both pieces of infrastructure are rated accordingly under the developer’s ESG (environmental, social and governance) program for a 100-year event.
In an effort to form a good relationship with the surrounding community, monthly meetings are being conducted with local residents to provide updates on the project as well as to offer an opportunity for questions and feedback.
The Sangdong Mine is scheduled to begin production in Q4 2022. Almonty expects the operation to produce approximately 30% of all tungsten outside of China and approximately 7% to 10% of the global supply.
Source: Almonty Industries