Mining Industry News – Late August 2026

Tungsten West, the firm behind plans to reopen a disused tin mine in Devon, has completed the fundraising for it to start full production following an agreement with the Government’s National Wealth Fund for a proposed investment of up to £71m.

The Plymouth-based firm has already produced tungsten and tin concentrate over the past month at its Hemerdon site in Plympton.

It now plans to undertake final completion testing in preparedness to start production within the next few weeks.

It also said today it was well advanced with significant offtake negotiations with a major down-stream tungsten refiner.

Sourced from TheBusinessDesk

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US oil industry giant Halliburton has been called in to confirm the value of lithium deposits at a site in the heart of Cornwall’s historic tin and copper mining industry ahead of the start of major commercial production.

Cornish Lithium, the business that owns the Cross Lanes site near Redruth, has appointed Halliburton to drill two wells to establish the potential of the geothermal waters that circulate deep underground.

The move comes just weeks after the firm secured £7.2m in government funding towards a £14.5m programme of drilling and testing to assess the viability of commercial lithium production at the site.

Sourced from TheBusinessDesk