South Crofty site could get $225m funding as US seeks to secure supply of critical metal
Donald Trump has aggressively pursued investment into hi-tech industries recent months, but the US administration has now set its sights on a more traditional sector: tin mining in Cornwall.
The South Crofty mine, near the village of Pool, could start up again after nearly three decades aided by a potential $225m (£166m) investment from across the Atlantic, creating 300 jobs.
The site dates back to the 1600s but closed in 1998; there have since been repeated attempts to reopen it.
Cornish Metals, its owner, said on Thursday it had received a letter of funding interest from the official export credit agency of the US to develop the site. Any investment would depend on the mine supplying tin to the US, which considers the metal to be a critical mineral.
