Mining Industry News – Late September 2025
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The chief financial officer of Tungsten West, the firm hoping to reopen the world’s second-largest tungsten mine in the South West, has resigned with immediate effect three weeks after the business warned a funding crisis could jeopardise its plans.
Alistair Stobie, who had been at the Plymouth-headquartered firm for just under two years, has also resigned as a director of its board and all its associated companies.
Earlier this month Tungsten West’s annual financial results revealed a “material uncertainty” existed that may cast “significant doubt on the group’s and company’s ability to continue as a going concern”.
