Cornish Metals agrees land deal with Cornwall Council

Cornish Metals has bought a 4.5-acre parcel of land from Cornwall Council as it looks to expand its South Crofty site.

The Canadian-headquartered mining firm is aiming to start production at the historic tin mine in 2027, when it would become the only primary producer of tin in Europe or North America. It has permission to start underground mining, which is valid to 2071, construct a new processing facility and for all necessary site infrastructure.

The land is immediately next to existing surface land owned by Cornish Metals and provides direct access to the main road at Dundance Lane, which will have a new entrance to the mine site as well as a new mine office, stores and workshop.

Cornish Metals now owns 32.5 acres of land at the site. Last week it completed a £47m fundraising, which had been raised in two tranches, and resulted in the National Wealth Fund taking a seat on the board.