García San Miguel (Abenójar Tungsten): We are going to have in Spain the largest tungsten mine in the world after China
The company that is developing Mina El Moto, in Ciudad Real, is going to the London Stock Exchange to raise around 200 million euros.
Abenájar Tungsten, the company developing the El Moto mine in Ciudad Real, Spain, is planning to list on the London Stock Exchange to raise around 200 million euros. The mine, which will produce tungsten and gold, is expected to start production in 2029 and will be a strategic project for the European Commission. The company has already secured 120 million euros in funding from Deutsche Bank and 12 million euros in public aid, and plans to use the funds raised from the listing to complete the financing of the 312 million euro investment.
The company's CEO, Gonzalo García San Miguel, says that the mine will make Spain a key player in the supply of critical metals in Europe.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
