Cantung Mine was a tungsten producer in the Northwest Territories, Canada from 1962 to 1986, and during 2002 and 2003. The original company that developed the mine was Canada Tungsten Mining Corporation Limited, with Cantung being a short abbreviated form of the company name. The small community of Tungsten was established for workers and their families. It was an open pit operation until 1974 when the newly discovered underground deposit was brought to production. It closed due to low tungsten prices in 1986. With higher prices in the new millenium, the new owner North American Tungsten Corporation reopened the mine for production in 2002. The mine again closed in 2003 when the company's creditors recalled their loans, putting the company on the verge of bankruptcy. They have since re-financed and plan to reopen the mine in 2005 or 2006. General Name, Symbol, Number Tungsten, W, 74 Chemical series Transition metals Group, Period, Block 6 (VIB), 6, d Density, Hardness 19250 kg/m3, 7. ... A former territory in the United States is called Northwest Territory. ... 1962 was a common year starting on Monday (link will take you to calendar). ... 1986 is a common year starting on Wednesday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January January 1 - Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... 1974 is a common year starting on Tuesday (click on link for calendar). ... 1986 is a common year starting on Wednesday of the Gregorian calendar. ...
Tuesday December 9, 2003 01:46 PM On December 5, 2003, North American Tungsten, the owners of the CanTungMine in the Northwest Territories, announced they were closing the mine immediately, leaving 200 workers out of a job.
The mine was estimated to have four years of ore reserves and had contracted to supply its tungsten to Swedish and US companies.
The CanTungMine was open from 1962 to 1986, and was sold to Aur Resources, then resold to North American Tungsten (NATCL) in 1997.