WUM strikes Celeste agreement

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The prospect of production returning to South Crofty mine in Pool appears to be a step closer.

Western United Mines (WUM), which owns and operates the mine, announced today that a conditional earn-in agreement has been entered into with Canada-based Celeste Copper Corporation.

CEO Alan Shoesmith said: ā€œIā€™m delighted to report that this agreement has been reached. It represents another major step forward with our progress in getting South Crofty back into production.ā€

In a statement, WUM said it would be making no further comment until completion or termination of the agreement.