Thanks to a investment of at least £77 million from Canadian firm Strongbow, the future once again looks bright for an area marred by unemployment.
The company’s CEO Richard Williams said: “”I think it is a very exciting opportunity.
Richard Williams of Canadian firm Strongbow is optimistic for the mine’s future
However, Britain’s decision to leave the European Union earlier this summer has resulted in huge opportunities for foreign investors such as Strongbow.
Local councillor Mark Kaczmarek, who worked at the mine and was one of the last men to leave when it closed, was positive about the investment.
The mine has been closed since 1998 but looks set to be re-opened
“There’s plenty of tin down there. South Crofty is a massive project but I think it is all very positive and the company are not making false promises.”
Daniel Harrison of investment site True Potential said: “People are rightly taking a pragmatic view and remain upbeat despite all the scare stories.
The mine could re-open in as little as two years, providing hundreds of jobs in Cornwall
Malcolm McLean of financial planners Barnett Waddingham added: “The prophets of doom have had their say and judging by the latest figures and other available evidence have thankfully largely been proved wrong.”