Tungsten West plc has received a draft permit to operate the mineral processing facility at the Hemerdon tin-tungsten mine in Devon. FINANCING The company is reviewing the draft permit before documentations are finalised and a public consultation held where the Environment Agency will “identify that they are ‘minded to’ grant the permit”. Tungsten West said […]
Tag: Tungsten West plc
Tungsten West raises £1.8m and mulls selling some assets
Tungsten West plc raised £1.8 million from the £6.95m convertible loan notes earlier this year for the Hemerdon mine in Devon as it considers selling some of its assets. PROGRESS The proceeds of tranche C will support progress of the permitting process, updating the feasibility study and associated financing. The company also expects to need […]
Tungsten West appoints Alistair Stobie as CFO
Tungsten West plc has appointed Alistair Stobie as chief financial officer effective on 13 November. Mr Stobie has worked with AIM-listed businesses within the energy and natural resources sector and raised capital within various markets. He was CFO at oil and gas company Octavia Energy, before holding the same post at Hurricane Energy plc which […]
Tungsten West appoints new NEDs
Tungsten West plc has appointed Guy Edwards, Adrian Bougourd and Kevin Ross as non-executive directors with immediate effect. KEVIN EDWARDS Kevin Edwards’s experience within the aggregates industry includes previous CEO positions at Aggregate Industries UK and Aggregate Industries USA. He was also managing director of Midland Quarry Products and has 25 years’ senior management experience […]
Tungsten West to appoint new NEDs
Tungsten West plc intends to appoint Adrian Bougourd and Guy Edwards as non-executive directors. The company said it would announce further details once it had completed due diligence checks.
Tungsten West to cut workforce and hours
Tungsten West plc plans to reduce “staff costs” by a further 25% at Hemerdon mine to give priority to planning, permitting, environmental compliance and funding for the project. CREDITORS Chief executive Neil Gawthorpe said that the move to save costs had followed “some difficult decisions”. The reductions will be in the form of redundancies, reduced […]