Drakelands tungsten mine shuts down after Wolf Minerals fails to secure funding

Tungsten miner Wolf Minerals’ UK subsidiary has fallen into administration after failing to secure funding, the company said on Thursday October 11.

The company said it had been unable to satisfactorily conclude its discussions with its key financial stakeholders. It subsequently put its Drakelands mine in Hemerdon, Devon, into administration because it is not in a position to meet its short-term working capital requirements. The company had...

Published

Ewa Manthey

October 11, 2018

18:05 GMT

London