Tungsten West Plc is a mining development company focussed on restarting the world-class Hemerdon tungsten mine on the outskirts of Plymouth.

 

The company is the 100% owner of the Hemerdon Mine, which is one of the largest tungsten resources in the world.

 

Tungsten West is a globally significant, fully permitted, shovel ready tungsten resource that can be brought into production quickly and at low cost to provide a source of strategic and critical minerals.

 

A strategic asset for the UK

 

The Government published the UK’s first critical minerals strategy which aims to accelerate the growth of the country’s domestic capabilities to mine critical resources.

 

The Strategy states: ‘The world in 2040 is expected to need 4 times as many critical minerals for clean energy technologies as it does today.’

 

26 materials were assessed for their potential criticality to the UK economy in terms of their global supply risk and the UK economic vulnerability to such a disruption. Eighteen of the these have a ‘high’ potential criticality rating based on these criteria, and constitute the UK Critical Minerals List. Tungsten is on it, and so too is tin – both of which are found at the Hemerdon Mine.

 

Tungsten and tin, a valuable secondary metal at Hemerdon also feature on the critical minerals lists for Europe and the US. This is largely due to China’s current dominance in the supply of tungsten world-wide, which stands at around 82%.

 

Hemerdon will produce approximately 20% of global  supply of primary tungsten from outside China and will commence operations approximately 12 months from funding. 

 

History

 

Tungsten West acquired the mine in 2019. The site benefits from over £200 million investment under the previous operators, including the development of significant infrastructure and processing facilities.

 

Hemerdon was producing tungsten and tin concentrates from 2015 to 2018, before the operator put the mine into receivership due to a number of issues that have since been identified and will be rectified by Tungsten West.

 

Tungsten West became an AIM (Alternative Investment Market) listed company in October 2021 when £36M was raised to help fund the project, after the deduction of fees.

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Economic Benefits

 

Tungsten West is set to directly employ approximately 300 direct employees. 

 

It is estimated that the presence of the mine will indirectly support a further 1,100 jobs throughout the broader supply chain which are required to support the operation.

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Sustainability

 

Tungsten West aims to be a responsible, ethical and sustainable mining operator. As such, the company is looking at renewable sources of energy to support production at the mine, as well as supplying secondary aggregates to the construction industry with by-products that would otherwise be considered as waste, and hence has approximately 25% of the carbon footprint of primary aggregates.

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