Tungsten West plc said it is to start construction immediately with lower-cost and streamlined production scheduled for H1 2023 at the Hemerdon tin-tungsten mine in Devon. INFLATION The decision follows a three-month technical and commercial re-evaluation of options for restarting production, which lead to a new development plan. The new plan is also in response […]
Tag: Tungsten West plc
Tungsten West co-founder and CEO Max Denning leaves
Tungsten West plc said that chief executive officer Max Denning will leave his role and the board with immediate effect. The company added that executive vice-chairman and co-founder Mark Thompson had assumed the responsibilities of CEO. Mr Thompson previously held senior management positions at commodity trader Trafigura and its investment division Galena Asset Management, global […]
Tungsten West cuts HGV movements after opposition
Tungsten West plc said it would reduce proposed HGV movements per day by a third following public opposition to aspects of its plans to restart Hemerdon tin-tungsten mine in Devon. ORIGINAL PLANS In July 2021, Tungsten West received permission for a temporary increase of up to 150 transport movements per day from the mine site […]
Tungsten West pauses plan to review Hemerdon costs
Tungsten West plc said that rising inflation had prompted it to pause its development plan and evaluate other cost saving options for restarting Hemerdon tin-tungsten mine in Devon. SAVINGS Tungsten West added that any new plan would likely entail a lower capital cost for redevelopment, a reduced operating cost and production rate while retaining the […]
Tungsten West raises £283,600 via warrant exercise
Tungsten West plc has raised £283,600 after exercising 460,000 warrants to subscribe for new ordinary shares of a nominal value of one penny each. The subscription will be at a price of 25 pence per ordinary share, and an exercise of 648,400 warrants at a price of 26 pence per ordinary share.
Tungsten West starts replacement tree planting
Tungsten West plc has started replacement tree planting at its tin-tungsten Hemerdon mine in Devon. SPECIES Many of the trees planted over the past seven years have failed to grow above the protective tubes because deer ate the saplings Landscape contractor H2 Environmental has installed 2.5km of deer fencing and YGS Landscaping will plant 448 […]