Mining giant Anglo American, which is responsible for the Woodsmith polyhalite mine development on the North Yorkshire coast, has unveiled a huge increase in planned spending on the project.
Chief executive, Mark Cutifani, says the company will invest half a billion dollars (£375m) in the project in 2021, an increase on the $300m (£225m) it had previously committed to spending.
After 35 years of highs and lows, production is finally under way at Scotland’s first commercial gold mine. The journey has been fraught with difficulty for prospectors – but it looks like their investment may be about to pay off.
Extracting gold from Cononish, near Tyndrum, in the west of Scotland was never going to be an easy proposition. The technical challenges – and costs – of accessing the precious metal from halfway up a mountain were a daunting prospect for those willing to try.