The tin mining revival in Cornwall is officially underway. Thanks to nearly £29 million in government funding, South Crofty mine is preparing to reopen. The mine, located near the village of Pool, last operated in 1998. However, rising global tin demand and strategic investment have brought it back into the spotlight.
Recently, Rachel Reeves, the Chancellor, visited Cornwall. During her visit, she estimated the project could generate around 1,300 jobs. Moreover, the revival is part of a broader national industrial strategy. In January, the government approved the £28.6 million investment. This funding came through the national wealth fund, which aims to support priority industries.
Cornish Metals, based in Redruth, leads the mining effort. In fact, CEO Don Turvey emphasized tin’s importance. “Tin is essential for clean energy,” he explained. “It supports electronics, electric vehicles, and renewable infrastructure.”
This project will directly employ over 300 people. In addition, more than 1,000 jobs will come from local supply chains. For example, electricians, metal fabricators, and other service providers will benefit. Therefore, the tin mining revival in Cornwall brings year-round opportunities to the region.
South Crofty has a rich legacy. It operated for over 400 years before closing due to falling prices. Nevertheless, global tin prices have doubled since 2016, rising from $16,000 to $34,000 per tonne. Notably, tin remains vital in many sectors, including consumer electronics and solar technology.
Turvey also stressed the community connection. “We aim to build long-term, sustainable value,” he said. “Consequently, responsible mining will drive Cornwall’s economic renewal.”
Cornish Metals, which owns the mine, has gained momentum. The company, formerly Strongbow Exploration, acquired South Crofty in 2016. Later, it rebranded in 2020 and listed on London’s AIM stock exchange in 2021. Over the past year, its stock rose by 28%, although it remains below past highs.
Meanwhile, Ian Brown from the national wealth fund noted strong progress. “We expect this financing to attract more investment,” he stated. “Hence, the focus remains on skilled, reliable employment for locals.”
Finally, Reeves expressed a clear message during her visit. “Cornwall holds massive potential,” she said. “Indeed, the tin mining revival in Cornwall will deliver long-overdue growth and prosperity.”
In summary, this project could transform Cornwall’s economic landscape. With public and private sectors aligned, Cornwall is digging into its future.
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