The UK government has invested £28.6 million to revive Cornwall’s historic South Crofty tin mine, marking a major step in re-establishing domestic production of a critical mineral vital to the clean energy transition. Located near the village of Pool, South Crofty was the last operational tin mine in the UK before its closure in 1998 due to plummeting metal prices and a lack of investment.
The reopening of the mine, led by Cornish Metals, is expected to create over 1,300 jobs — including more than 300 direct roles and an additional 1,000 across supply chains and regional services such as fabrication and electrical contracting.
“Tin is essential to electronics, EVs, and renewable energy,” said Don Turvey, CEO of Cornish Metals. “Bringing South Crofty back online helps reduce import dependence and boosts local industry.” The company plans to use local suppliers, helping to stimulate Cornwall’s economy and foster long-term industrial regeneration.
The announcement was made during a visit to Cornwall by Chancellor Rachel Reeves, who emphasized the mine’s role in unlocking regional growth. “Cornwall has been left behind for too long. This project is about creating skilled, year-round jobs and putting money into local families’ pockets,” she stated.
The investment, part of the UK’s national wealth fund and industrial strategy, aims to promote growth in strategic industries like clean energy and critical minerals. Ian Brown of the national wealth fund praised the mine’s progress and potential to attract further private investment.
Tin prices have nearly doubled since 2016, reflecting rising global demand from sectors including electric vehicles and solar panel manufacturing. Originally acquired in 2016 by Vancouver-based Strongbow Exploration—now Cornish Metals—the South Crofty project has gained momentum with its AIM listing and rising investor confidence. Cornish Metals’ share price has climbed 28% over the past year, pushing its market valuation to £92 million.
The reopening of South Crofty could signify a new era for British tin mining, helping secure mineral independence while delivering a boost to regional jobs and sustainability goals.