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 […]
Tag: Tungsten West plc
Tungsten West applies for production permit
Tungsten West plc has submitted applications to produce tungsten and tin and to vary the tonnage cap on lorry movements at Hemerdon mine in Devon. NOISE The company said it completed low frequency noise (LFN) trials over two months before applying to the Environment Agency (EA) for a mineral processing facility permit. The EA’s decision […]
Tungsten West CFO Nigel Widdowson resigns
Tungsten West plc chief financial officer Nigel Widdowson has resigned after two years in the role and with immediate effect as a director. Mr Widdowson will remain CFO, focusing on funding and financing activities, while the company finds his replacement and to ensure a smooth transition. Chairman David Cather said: “On behalf of the board, […]
Tungsten West enters nuclear fusion deal
Tungsten West plc has entered into a partnership with Oxford Sigma to explore options of using tungsten from Hemerdon mine in nuclear fusion energy. COMPONENTS The high melting point of tungsten makes it a key material in radiation shielding and plasma-facing components within fusion energy devices. The collaboration will involve securing the source of raw […]
Tungsten West starts small-scale legacy production
Tungsten West plc has started small scale production of legacy tin and tungsten from its partially recommissioned mineral processing facility (MPF) at Hemerdon in Devon. LEGACY ASSETS REVENUE The material and a limited amount of residual material remaining in circuit, totalling just over 50 tonnes, was processed in the recommissioned dry section of the MPF’s […]
Tungsten West expects to cut jobs by 42%
Tungsten West plc said it expected to reduce its workforce by 42% as part of cost cutting measures at Hemerdon tin-tungsten mine in Devon. SAVINGS The company forecasts redundancies and resignations will meet the targets in its nearly completed cost reduction programme which began in April 2023. “Monthly recurring payroll costs are expected to reduce […]