March cash deadline looms as Devon mine’s financial hole gets bigger
Devon mining company Tungsten West has warned it could run out of money in March after a difficult year in which the hole the company was digging kept getting bigger.
Tungsten West is focused on restarting commercial operations at the Hemerdon tungsten and tin mine.
But it has reported a half-year loss of £9.1m while three rounds of job cuts have left the business operating with just 15 staff. They are focused only on environmental and corporate compliance, permitting and funding activities.
The stock market-listed company's... 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...
