( Lutherborrow) Raising Sangdong - A Staged Approach to the Redevelopment of an Old Operation

摘要

The Sangdong Tungsten/Molybdenum Deposit is located in the Republic of Korea and was discovered in 1916. At this time Korea was a colony of Japan. It was mined for two years after discovery closing in 1918. Full production recommenced in 1933, and from that point until 1945, it was the major source of tungsten for armour plate for the Japanese military. After World War 2 the US government ran the mine until late 1946. The mine operation then passed to Korean ownership but production ceased during the Korean War and did not recommence until late 1953. The mine ceased operation in 1992 due to low metal prices. From the late 1960s to the time of closure, Sangdong was the largest tungsten mine in the world (Kim, 2002). An understanding of changing mining methods over time has been critical in assessing the potential of redeveloping the Sangdong Deposit.