Almonty Korea Tungsten expands Sangdong Mine staff to 133 ahead of planned full operation
Almonty Korea Tungsten said Tuesday it hired 51 new employees this year as redevelopment of the Sangdong tungsten mine moves toward full operation, bringing its workforce to 133 as of the end of August, with plans to add about 70 more positions by year-end. Sangdong, in Yeongwol County, Gangwon Province, was once one of the world's largest tungsten mines before it shut down in the early 1990s…
Almonty Korea Tungsten has expanded its workforce at the Sangdong tungsten mine to 133 as of the end of August, as the site prepares for full operation, the company announced on Tuesday. This hiring surge brings the total number of employees to more than triple its 2023 count of 39. The mine, located in Yeongwol County, Gangwon Province, was once one of the world's largest tungsten mines before shutting down in the early 1990s due to a prolonged price downturn.
Almonty, a Canada-based mining company, has restarted operations after a 32-year hiatus, and the mine is expected to eventually supply a significant portion of global tungsten demand outside China. Tungsten, a hard and heat-resistant metal, finds applications in various fields, including semiconductor manufacturing and defense. Currently, approximately half of Almonty's 133 employees are from Gangwon Province, with 28 hailing from Sangdong-eup and 12 from Yeongwol County. This workforce expansion is supported by a partnership with the local Yeongwol Employment Center.
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