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    £71m Investment to Reopen Tungsten Mine

    3 weeks ago

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    The Hemerdon tungsten and tin mine in Devon will receive up to £71 million from the National Wealth Fund to restart operations. This investment aims to bolster Britain's defence and nuclear industries, securing 50% of production for domestic use. The deal is expected to support approximately 350 jobs and is seen as a vote of confidence in the UK's critical minerals sector.
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