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.
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."