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Malaga Inc, the only operating tungsten miner in the Americas, could start considering a second, “much bigger” mill at its Pasto Bueno mine, in Peru, by 2012 and is looking reasonably seriously at potential acquisitions in North America and Europe, CEO Jean Martineau said on Tuesday.
Demand for tungsten, which is used to strengthen steel and prevent corrosion, is being driven by China, which is also the biggest producer of the metal.
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