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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Tungsten West to cut headcount by almost half as it partially restarts Devon mine

Tungsten West Devon AiM Plymouth

A mining firm which is looking to revive production of the rare metal tungsten and tin in Devon is set to lose almost half of its staff following a cost cutting restructure.

Tungsten West is redeveloping the Hemerdon mine site near Plymouth, estimated to be the second-largest global reserve of tungsten, which is used in the production of light bulb filaments and cutting tools.

The AIM-listed company launched a review of operating costs, capital expenditure, and sale of surplus assets, amid “multiplying” energy, fuel and construction costs.

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