Devon to become a global producer of Tungsten

By : Administrator
Published 9th June 2014 |
Read latest comment - 9th June 2014

Work has started to excavate Britain's first new metal mine for more than 40 years.

The Hemerdon tungsten mine on the edge of Dartmoor will cost about £130m to dig and is expected to start producing the metal in 2015.

The mine, near Plympton, will exploit the world's fourth-largest deposit of tungsten.

Work starts on £130m Devon tungsten mine - BBC

Pretty impressive for the local economy, obviously it's not a British owned company, but at least its some employment and a few quid back in Corp tax


Steve Richardson
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Pretty impressive for the local economy, obviously it's not a British owned company, but at least its some employment and a few quid back in Corp tax

 

Unless they figure a way of losing profits, or find a loop hole to lose money out the back door to Australia (where this company is based) like a few other well known corporations ....

Time will tell 


Clive

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