Hazelwood secures US$4m working capital facility

HAZ Tue, 25 Feb 2014, 22:00 AEDT

Hazelwood Resources Ltd is an emerging ferroalloy producer, with a majority interest in the largest, most advanced ferrotungsten plant outside of China. Ferrotungsten is used in steels and alloys where heat resistance and hardness is required. Chinese restrictions on strategic metals have provided an opportunity for Hazelwood to become a leading and reliable supplier of the material. Wogen Resources Limited is the exclusive agent for worldwide distribution of ferrotungsten from the operation, and are regarded as a leading trader in such commodities.