Tungsten West plc, focused on Hemerdon mine in Devon, has appointed Katherine Callaghan as a non-executive director to the board and chair of the remuneration committee.
Tag: tin – tungsten Hemerdon mine – Devon
Tungsten West non-executive directors step down
Tungsten West plc non-executive directors Adrian Bougourd and Martin Wood have stepped down. The company is nearing the restart of Hemerdon mine.
Tungsten West grants total 6.5m share options
Tungsten West plc has granted an aggregate 6,494,685 options over ordinary shares, of one pence each, to its senior management under the company’s long-term incentive plan. Chief operating officer Ronald Day received five million options, while other senior managers were separately granted options over 1,494,685 shares. Tungsten West’s shareholders approved the grant at a general […]
Tungsten West agrees proposed £71m for Hemerdon
Tungsten West plc has secured a proposed investment of up to £71 million of public money to restart the Hemerdon tungsten-tin mine in Devon. ‘World class, low cost and long-life resource in the UK’ The company said that the funds from the Government-owned National Wealth Fund completed the funding package for the project. Of the […]
Tungsten to begin phased commissioning at Hemerdon
Tungsten West plc said it would begin commissioning “phased production ramp-up” later this month at its Hemerdon tungsten-tin mine near Plympton in Devon. PROCESSING The company has also started greater engagement with stakeholders, including local community and regulators, to ensure they all know the nature of the commissioning. Recommissioning of the fines gravity circuit and […]
Tungsten West secures $25m bridging loan facility
Tungsten West plc has agreed a US$25 million bridging loan facility with an entity controlled by its substantial shareholder Gregory Coffey, to progress the Hemerdon tungsten-tin mine project in Devon. CAPACITY The company also plans to “materially increase” production capacity, including “significant” additional capacity in the new build programme, “in response to recent market conditions”. […]