Production at a Tungsten mine in Devon could still restart in 2023 despite energy, fuel and construction costs “multiplying” in recent months, according to the firm behind it.
Aim-listed Tungsten West said global crises in power and diesel prices and inflated construction materials costs had prompted it to re-evaluate its development plans for the Hemerdon Mine near Plymouth, with the firm putting its plans on hold in April.
The company’s bosses said following re-evaluation they had now given approval to proceed with detailed engineering design and to commence construction with immediate effect, with production still envisaged for the first half of next year.
