GR Engineering Services has secured an engineering, procurement and construction contract worth £75m from speciality metal exploration company Wolf Minerals.
The company will provide EPC services for the three million tonnes-per-year tungsten and tin mineral processing plant over a period of two years plus associated infrastructure for the Hemerdon tungsten and tin project in the UK.
Development of the project would ensure that UK has access to a major secure source of processed Tungsten as 60% of global Tungsten reserves are currently located in China.
Wolf Minerals owns the Hemerdon project, located near Plymouth, where it plans to develop a large scale, open-pit mining operation.
The company will provide the formal date for initiating work on the processing plant to GR Engineering upon the satisfaction of the requisite conditions with regard to the financing of the project.
Wolf Minerals managing director Humphrey Hale commented on the contract signing, "This is a major achievement for the project team as the EPC contract was tendered to the market and this result is in line with the Definitive Feasibility Study estimate announced in May 2011."
Image: The Hemerdon tungsten and tin project in south-west England. Photo: Wolf Minerals.