Tungsten mining firm’s £71m boost from the Government as it prepares to start production
Tungsten West, the firm behind plans to reopen a disused tin mine in Devon, has completed the fundraising for it to start full production following an agreement with the Government’s National Wealth Fund for a proposed investment of up to £71m.
The Plymouth-based firm has already produced tungsten and tin concentrate over the past month at its Hemerdon site in Plympton.
It now plans to undertake final completion testing in preparedness to start production within the next few weeks.
It also said today it was well advanced ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
