Tungsten West plc announced the commissioning of a temporary aggregates plant for its local subsidiary as it aims for dual production alongside tin-tungsten in Devon.
CASHFLOW
The Terex® AggWash 60 plant will operate at Aggegrates West while the Hemerdon tin-tungsten process plant is redeveloped.
A separate full-scale aggregates plant will be built next year.
Aggregates produced at Hemerdon are a by-product of processing stockpiles left by previous mine operator Wolf Minerals (UK) Ltd.
The minerals also represent a secondary cashflow and contribute to the company’s no-waste target for the project.
GROWING DEMAND
Aggregates West currently sells an average of 1,000 tonnes per day through its partnership with GRS (Roadstone) Ltd.
Tungsten West said it would progressively scale its aggregate operations until the full-scale aggregates plant is commissioned.
Chief executive Max Denning added that the company would be one of the first mining companies in the world to introduce the dual production and sale of tungsten and tin, together with aggregates.
“Through our partnership with GRS, we will have the ability to meet growing market demand for aggregate material in the UK, aiding the country in becoming more self-sufficient.
“By working closely with environmental bodies and Devon Council, we have ensured that our operations meet the highest ESG standards.”
Tungsten West is due to release its interim financial report and accounts for the six months ended 30 September 2021 on 21 December 2021.