Caspian climbs on progress at Spanish tungsten mine
Caspian Holdings, the oil and metals explorer, headed north on news of quick progress at its tungsten mining site in the Extremadura region of southwest Spain.
Caspian Holdings, the oil and metals explorer, headed north on news of quick progress at its tungsten mining site in the Extremadura region of southwest Spain.
Caspian claims the La Parrilla project contains "one of the largest tungsten deposits in the western world".
Over the last three years the price of tungsten has more than doubled.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company has now begun a 1,500 metre drilling campaign to assess the mine. During the four month programme a total of 5 holes will be drilled targeting higher grade intersections at the edge of the ore body.
As well as the deposits available from the mine itself, Caspian also has access to 2.5 million tons of "tailings" or residue from previous mining activity. It expects to extract tungsten from those tailings within the next 18 months.
Over the past year Caspian shares have dropped 38%, but rose by 0.02p on the tungsten mine update to 0.3p.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator