Who owns Drakelands mine?
Who owns Drakelands mine?
Tungsten West Ltd has bought the Drakelands mine, at Hemerdon, near Plympton, for £2.8million in cash and hopes to restart production. The mine shut when previous owner Wolf Minerals Ltd ceased trading, having lost £100million on the venture, in late 2018.
What happened to Wolf Minerals?
After years of struggling to achieve the expected tungsten and tin recovery, the company went into liquidation. In November 2018, it was announced that Pala Investments may provide funds for Wolf Minerals’ Hemerdon Project after Wolf Minerals went into liquidation. The company went bankrupt in 2018.
Who owns tungsten mines?
Elementos’ flagship asset is its 100%-owned Cleveland tin, tungsten and copper project, which comprises a historic tin mine in Tasmania.
Where are tungsten mines?
Tungsten is mined in China, Russia, Portugal, Austria and Bolivia. China is reported to have about 75% of the world’s tungsten supply.
Who owns Wolfminerals?
In 2019 Tungsten West bought the land and some infrastructure from a firm called Drakelands Restoration Ltd, part of the North East’s Hargreaves Services Plc, which took over the vast site in 2019. Hargreaves Services lost £8million in the doomed Wolf Minerals venture.
How expensive is tungsten?
Meanwhile, the same tungsten cube (same size, same company) is $79.99 to buy from amazon.com, plus $9.65 to ship to the UK, plus tax at 20%, for a total of $107.57, which is about £75.
Who are drivedrakelands restoration?
Drakelands Restoration Ltd was incorporated in March 2019, alongside Drakelands Mine Restoration Ltd and Drakelands Holdings Ltd. All three firms have an address in West Terrace, Esh Winning, Durham, the same address as huge industrial, property and mining giant Hargreaves Services Plc.
What is happening at Hemerdon’s Drakelands site?
It appears the Hemerdon site, where previous owner Wolf Mineral Ltd went into liquidation owing £70million a year ago, is now being restored – but it is not expected mining will restart, at least not soon. Drakelands Restoration Ltd was incorporated in March 2019, alongside Drakelands Mine Restoration Ltd and Drakelands Holdings Ltd.
Did Hargreaves buy Drakelands Mine?
Drakelands Restoration is one of a number of Hargreaves group companies listed under Hargreaves Corporate Director Ltd at Companies House. A Hargreaves spokeswoman told Plymouth Live: “Hargreaves hasn’t bought the mine but is continuing to work with the key stakeholders to determine what the future of the mine might be.”
What is the name of the mine in Plymouth?
Drakelands Mine, formerly known as Hemerdon Mine or the Hemerdon Ball or Hemerdon Bal Mine, is a tungsten and tin mine. It is located 11 km (7 miles) northeast of Plymouth, near Plympton, in Devon, England. It lies to the north of the villages of Sparkwell and Hemerdon and adjacent to the large china clay pits near Lee Moor.
