Almonty Industries Inc. is a Canada-based resource company specializing in the mining and production of tungsten concentrates. Through its wholly owned subsidiaries, Almonty operates a diversified portfolio of mining assets across Europe and Asia. The company’s core business activities encompass the exploration, development, and operation of hard-rock tungsten mines, as well as the processing and marketing of tungsten concentrate products used in a variety of industrial applications.
Almonty’s principal operating assets include the Los Santos project in Salamanca, Spain; the Panasqueira mine in central Portugal; and the Sangdong mine in South Korea. Los Santos is an open-pit mine that resumed production in 2015 following a period of idled operations, while Panasqueira is one of Europe’s longest-running underground tungsten mines. Sangdong, the company’s flagship project in South Korea, hosts one of the world’s largest high-grade tungsten deposits and is in the final stages of commissioning after an extensive redevelopment program.
The company produces high-purity tungsten concentrate suitable for the manufacture of hard metals, cutting tools, aerospace components, and defense applications. In addition to tungsten, certain operations yield by-products such as tin and molybdenum, which are marketed to specialty metal refiners. Almonty leverages integrated processing facilities located near its mining sites to optimize recovery rates, maintain quality standards, and meet the stringent specifications of global end-users in Europe, North America, and Asia.
Founded in 2011 and headquartered in Vancouver, British Columbia, Almonty Industries is led by founder and CEO Lewis Black, who brings decades of experience in the mining sector. The company maintains regional offices in Madrid, Lisbon, and Seoul to oversee operations, stakeholder relations, and community engagement. Under its leadership team, Almonty continues to pursue growth through operational excellence, resource expansion, and a focus on sustainable mining practices.
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