West Cumbria Mining have just published their annual report and it makes for interesting reading.
The much vaunted “local” company funded by EMR Capital based in the Cayman Islands have made their staff (not the directors) redundant, the office in Haywards Heath has closed, the secretive owner is prepared to stand the cost until the end of the planning process and a third party funder has been located who says they are prepared to fund development (Whatever that development is as No one has had sight of the latest licence applications from WCM)
The accounts (1.3) note that there is material doubt about the future…
5 thoughts on “West Cumbria Mining On the Rocks Or Divesting in Readiness for Next Venture – a Big Hole costing 1.7 BILLION ?”
Reblogged this on RADIATION FREE LAKELAND and commented:
Coal and Nuclear Hand in Hand in Cumbria as West Cumbria Mining lay off staff in readiness for next venture – a GDF ??
Four Days on from sending out this info to press and not one press outlet has raised so much as an eyebrow – West Cumbria Mining has spent literally £millions on public relations and lobbying the Department of Business, Energy and Industrial Strategy but now the first thing to go to “cut costs’ are the West Cumbria Mining office staff.
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