15th Dec 2021 21:52
Tungsten West PLC - owner and operator of Hemerdon tungsten and tin mine in Plymouth - Says temporary aggregates plant has been commissioned at Hemerdon tungsten and tin mine in Devon. Says newly installed Terex AggWash 60 plant was commissioned at the end of November and will operate whilst the Hemerdon process plant is redeveloped and a separate full-scale aggregates plant is built.
Chief Executive Officer Max Denning says: "The aggregates business will be an important secondary cash flow generating operation at Hemerdon that importantly will utilise surplus material from our mining operation. The temporary operation will allow Tungsten West to build market share and demonstrate the quality of our aggregate material and, once in full scale operation, we will be one of the first mining companies in the world to implement the dual production and sale of tungsten and tin, together with aggregate product."
Current stock price: 64.00p, up 6.7% from 60p IPO price
By Arvind Bhunjun; [email protected]
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