Business
Australia’s big move to take part of China’s ‘monopoly’ – NEWS.com.au
Australia’s big move to take part of China’s ‘monopoly’
Australia has made a big move to stake a claim in an industry thats been dominated by China for years.The Tasmanian Government has offered $10 million in funding to help a tungsten mine reopen on King Island in Bass Strait, around 80km northwest of the island state.
The Dolphin Tungsten Mine, owned and operated by the ASX-listed company King Island Scheelite, has been closed for almost 30 years.
The mine operated between 1917 and 1992, before it was closed due to extremely low tungsten prices –…
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