Mining company Cornish Metals is aiming to raise £40.5m from investors including a former Tory party chief executive to restart tin mining at Cornwall's South Crofty mine..
Canadian-headquartered Cornish Metals, which trades on the Stock Exchange’s AIM, said it is to receive £25m from Vision Blue Resources (VBR), a vehicle founded by the ex-Conservative treasurer and chief executive Sir Mick Davis.
Mr Davis, who was formerly head of mining group Xstrata, created VBR to invest in green energy-related metal and mineral resource companies.
