Efforts to mine tungsten in Devon weren’t successful. Neither were efforts to mine potash in Yorkshire. But there never seems a shortage of investors willing to favour hope over experience when there are stories of untold riches underground. This one in Cornwall may be no different:
An unexpected copper discovery in Cornwall, south-west England, has raised the prospect of a mining revival in Poldark country more than two decades after the closure of the county’s last mine drew the 4,000-year-old industry to a close.
Efforts to whet appetites of investors willing to pour cash into the ground appear to have already begun:
The drilling struck rock with a grade of 7.46 per cent copper — a high proportion for underground deposits of the metal, which are normally 2-5 per cent copper. "It’s the kind of result that has geologists jumping up and down," said John Meyer, head of research at London-based broker SP Angel.
Copper find sparks hopes of mining revival in ‘Poldark’ country https://t.co/TN2FXZJTes— Financial Times (@FT) April 14, 2020
