Inside the depths of Panasqueira: A legacy carved in rock
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Deep in the mountains of Portugal, the Almonty Industries (ASX:AII)Panasqueira Mine has been producing tungsten for over 130 years. But this isn’t just a mine, it’s a living system, powered by grit, precision, and generations of expertise.
We went underground to see it for ourselves, through waterlogged tunnels, past diesel-fueled machines, and into explosive chambers where raw rock is turned into one of the world’s purest wolframite concentrates.
From the moment we stepped into the tunnel, the energy shifted. Every name on the board, every lunch break at a rock-hewn table, told the story of a workforce built on endurance and deep-rooted pride. One former miner even asked to return in his final days, a request honored with a plaque deep inside the mine.
Above ground, the processing plant runs like a machine within a machine, some parts so rare they’re custom-made on site. This mine doesn’t just operate, it adapts.
And as demand for conflict-free tungsten grows, Almonty Industries is leading the way, responsibly and independently.
You don’t want to miss this. Watch the full video and come underground with us.
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