15th Dec 2022 12:33
(Alliance News) - Tungsten West PLC on Thursday said it received approval from the Environment Agency in "two significant milestones".
The London-based owner and operator of Hemerdon tungsten and tin mine in Plymouth said it received its mining waste facility permit from the EA, which also granted its open pit water extraction licence.
The MWF permit required Tungsten West to put a number of policies in place that included a waste management plan, a dust risk assessment and a surface water management plan.
The company said it expects two further abstraction permits in early 2023, which will allow it to restart mining at its Hemerdon Mine.
Tungsten West shares were up 5.1% trading at 15.50 pence per share at midday on Thursday in London.
Tungsten West's updated mineral processing facility permit is progressing through the approval process, while the other outstanding permit, its abstraction licence, is also expected in the first quarter of 2023.
Executive Vice Chair Mark Thompson said: "The approval of these two key permits demonstrates continued significant progress for the company on its journey in recommencing production at Hemerdon."
"We believe that our commitment to upholding and adhering to international best practice in mining operations, environmental conservation and safe working practices will allow the company to successfully receive the remaining required permits in good time to restart operations in the second half of next year," he added.
The company said it is focused on "providing significant economic benefits to the people and communities surrounding the mine, as well as the UK as a whole".
By Harvey Dorset, Alliance News reporter
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