It's not the first time we've pointed to the quote from Mark Twain:
Men have long been drawn to shiny materials buried in the ground – often throwing caution to the wind, and losing vast fortunes for their backers as a result. Only last year, Australian prospectors Wolf Minerals – first attracted in 2007 to the deposits of tungsten and tin at Hemerdon near Plymouth, deposits discovered in 1867 but largely unworked since 1944 – ceased trading after losing more than £100 million in three years.
Clearly this episode has not put others off, not even Cornwall Council. Apparently, more money is being spent in the hope of restarting mines across the South West than at any point in the last 40 years.
South West mining investment 'highest in 40 years' https://t.co/E02oVnCKve pic.twitter.com/HCOzkd3tcO— Spotlight (@BBCSpotlight) April 5, 2019
Canadian mining firm Strongbow is nearly ready to empty flood waters from South Crofty, which has been closed since 1998, but still needs to raise about £100m more on the stock market before it can get as far as mining tin commercially… Cornwall Council is ready to invest £1m of public money to help the mine restart, as long as other investors come forward in sufficient numbers, too.
In east Cornwall, Anglo-Australian company Cornwall Resources has been test drilling for tin and tungsten at Redmoor mine in Kelly Bray, and they say results show that they're sitting on the largest undeveloped tin-tungsten deposit in the world.
Meanwhile, 'Cornwall lithium mine could be European first':
An Australian-owned firm is hoping Cornwall will become the first European hub for lithium mining… "There's no production of Lithium in the whole of Europe, so if we can build a mine - which we believe we can - in Cornwall, this would give the UK a strategic advantage over the rest of the EU".
