February Cornish Mining Sundowner, with good news from South Crofty

There were quite a few local service providers at last night's mining sundowner at Falmouth's Chain Locker, some being involved with the development of the new processing plant at the old South Crofty tin mine, currently being brought back into production by Cornish Metals Inc. 

It was particularly good to see Owen Mihalop, Chief Operating Officer at Cornish Metals and to congratulate him on the news that  nearly £30m is to be invested in the reopening of South Crofty mine in a scheme expected to create more than 300 jobs. The National Wealth Fund (NWF) announced a £28.6m direct equity investment into Cornish Metals Inc a few weeks ago. The NWF's funding is part of a £56m fundraising bid by Cornish Metals to "further de-risk" the South Crofty tin project and support initial work.

South Crofty is a fully permitted underground tin mine with more than 400 years of recorded production prior to its closure in 1998. It hosts one of the highest grade tin resources in the world. Cornish Metals hopes to get the mine back into production by the end of 2027.

With Owen Mihalop

The next Cornish Mining Sundowner is at the Chain Locker on Thursday March 20th from 5.30pm.