Metall buys stake in tungsten plant

Toronto-based Metall Mining (TSE) will gain a 73.26% equity interest in Wolfram Bergbau Huettengesellschaft (WBH), a tungsten mining and powder production facility in Austria.

WBH is one of only two fully integrated tungsten metal powder producing facilities in the West. It has the capacity to produce 2,500 tons of tungsten powder and tungsten carbide per year.

Metall will purchase the operation for $27 million.