RE: UK Mining Revival24 Feb 2021 13:12
Afternoon all.
TB1872, a great spot and ta for the link to a good read.
So many projects in prospect, but regulatory constraints and finance issues mean that few will make it to production and currently Scotgold stands to be the FIRST! All the others are currently works in progress, delayed or fallen by the wayside. I have previously voiced on this board the failure (IMO) over decades of the UK to sustainably exploit it's natural resources in sympathy with the environment. The UK has instead invested in overseas projects to import resources cheaply from developing countries and export to them the environmental consequences. Following Brexit and increasingly risky globalization, the UK needs to consider strategic supplies and develop more secure home resources. Such a lead needs to come from HMG as the money markets care nothing for the well-being of UKplc beyond their own pockets. Committed visionaries, such as NLR at SG are thin on the ground. I would also include CF, former CEO of SXX, whose project floundered on financing (along with PIs money!), but he and the project proceed again under AAL. Rant over and shutting up.
Regards, R.