Cornish mining firm presses ahead with work at tin mine
Mining company Cornish Metals has started the second phase of shaft refurbishment at its South Crofty mine project.
The AIM-listed firm is working to revive production at the site which closed in 1998 after more than 400 years as an operating mine.
The business said its work on the New Cook’s Kitchen (NCK) shaft was “progressing as planned” with the phase two work platform enabling faster replacement of old shaft timbers with new steel guides.
Owen Mihalop, chief operating officer of Cornish Metals, said: “Work continues to progress in-line with our adopted work plan and schedule that allows for NCK shaft refurbishment to continue in parallel with mine dewatering.
“The water treatment plant and the dewatering pumps continue to operate as designed.”
Cornish Metals said in the update to investors, that it was also “progressing discussions” for the sale of other non-core assets located outside of the UK.
