The US government is considering pumping up to £70m into Plymouth’s vast tungsten mine - which would enable it to create hundreds of jobs.

Tungsten West Plc, the company aiming to bring the vast Hemerdon mine into full production, has received interest from the Export-Import Bank of the United States (EXIM), the official export lender of the US government.

Tungsten West earlier this month told PlymouthLive it was in talks with potential funders prior to hosting an investor presentation next month. Today it announced it had received a non-binding letter of interest from EXIM regarding potential financial support for the Hemerdon tungsten and tin mine, at Plympton .

EXIM is considering lending up to US$95m, which is about £70m, with a maximum repayment term of 15 years under its Suppl

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