Cornish Metals plc has appointed Hennie Faul and Danny Callow as independent non-executive directors, with effect from 1 October 2026.
Tag: South Crofty tin mine – Cornwall
Cornish Metals appoints MD at South Crofty
Cornish Metals plc has appointed Juan Kemp as managing director, South Crofty, effective from 14 September 2026. Mr Kemp has more than 30 years’ experience in the mining industry, covering operational and executive leadership, underground mining, mineral processing and technical leadership. He began his career with AngloGold in 1994, before joining De Beers in 1998 […]
Cornish Metals NED steps down
Cornish Metals plc non-executive director Kenneth Armstrong, who was on the board for 20 years, has stepped down. The Canadian company said that Mr Armstrong did not stand for re-election on 4 June 2026 at the company’s annual general meeting. From 2005 to 2015, Mr Armstrong was president and chief executive officer of Cornish Metals […]
Cornish Metals agrees up to £52m credit
Cornish Metals plc has agreed up to a combined £52 million through secured credit facilities with its major shareholders, the publicly-funded National Wealth Fund Ltd and private investor Vision Blue Resources Ltd. DE-RISK The NWF holds 28.45% of the company will provide £35m, while Vision Blue, which owns 29.08%, will give US$22.75m (£17m) to progress […]
Cornish Metals secures $210m senior bonds
Cornish Metals plc has completed an oversubscribed placement of US$210 million (£155m) of new six-year, callable senior secured bonds with a coupon rate of 13.5% per annum. FID The company said that the bond placement, completed on 6 May, had drawn strong investor demand across international markets, with support from international institutional funds and natural […]
Cornish Metals receives $225m LoI from EXIM
Cornish Metals plc said it had received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to US$225 million for South Crofty in Cornwall. SOUTH CROFTY The company added that the tin mine project “may also qualify for special consideration under EXIM’s China and Transformational Exports […]