Cornish Metals hopes to restart Poldark-era South Crofty tin mine
Poldark mining set to return as Cornish Metals hopes to restart work at famed South Crofty tin site
Cornish Metals posted a loss last year, but boss Richard Williams maintains he is still on track to restart Cornwall’s famed South Crofty tin mine.
In an update, the firm, which was listed in February, said the losses had widened to £1.8m in 2021 from £1m in 2020.
It is moving ahead with plans to open the mine after securing £40.5m in funding from investors in March. Mining titan Sir Mick Davis’s Vision Blue Resources was among the sponsors.
Tin Man: The Cornish mining industry was the focus of Winston Graham’s Poldark novels, which were adapted into a television series starring Aidan Turner (pictured)
Williams said: “Following the successful listing on AIM in early 2021, I am delighted with the progress the company has made.”
I look forward to reporting on the progress at South Crofty and the substantial benefits this will bring to Cornwall and the UK mining industry.”
Cornish Metals hopes to usher in a new era of mining at Poldark. Cornwall and neighboring Devon have been exploited for over 4,000 years.
The industry was the focus of Winston Graham’s Poldark novels, which were adapted into a television series starring Aidan Turner.
South Crofty, near Redruth, was the last Cornish mine to close in 1998.