Construction contract awarded for £75m mine plant near Plymouth
The re-opening of a disused tungsten mine on the outskirts of Plymouth has moved a step forward after the firm behind the scheme announced it has awarded a £75 million construction contract.
Wolf Minerals announced this morning that it had appointed fellow Australian firm GR Engineering to design and build a processing plant for the scheme at Hemerdon.
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The company announced last year that it had secured all the finance for the £130 million scheme, which will create the world's fourth-largest tungsten mine.
The plant will take around two years to build.
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The mine is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.
The development of the mine will result in the formation of an open pit around 850 metres long by 540 metres wide and 200 metres deep.
The site is set to create 230 directly employed jobs and could create as many more, within the local supply chain, with the recruitment of a number of senior roles currently taking place.
Wolf Minerals managing director Humphrey Hale said: "Wolf is very pleased to continue working with GR Engineering to develop the Hemerdon Project as we have established a good working relationship over the past three years. This is a major achievement for the project team as the EPC contract was tendered to the market and this result is in line with the Definitive Feasibility Study estimate announced in May 2011."
4 Comments
by GreenGOM
Thursday, March 07 2013, 1:16PM
“Completely agree, this is great news and a welcome financial boost to the city.”
by plympaul
Thursday, March 07 2013, 11:48AM
“this is fantastic news for the city of plymouth and i do hope this happens as this will bring money in for the city!!!!!”
by newplymouth
Thursday, March 07 2013, 11:25AM
“@pogle63a
Here here!
Not surprised! Perhaps the usualsuspects have refrained from commenting as its quite difficult to put a negative spin on this story.
Much as such people may not like it, Plymouth is becoming more international look at the Uni,City College and MarJohns and is becoming less inward thinking and ethnically diverse. This is good news for Plymouth if it is to succeed in the new international order of things which the Hemerdon mine exemplifies -Aussie investment in a commodity whose world price have been driven up by the Chinese.”
by pogle63a
Thursday, March 07 2013, 10:40AM
“Good luck to them jobs and industry for Plymouth, okay a big hole but what the heck. Cannot understand why no one else has commented on this good news for jobs and the economy”