Stat of the day: £200m

The amount a Cornish mine stands to make over the next 10 years after Indium, a substance used in touch-screen technology, was discovered at the site.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
A 3,000ft deep mine in Cornwall looks like it could spark a modern-day gold rush after a rare element used in smartphones and flat-screen TVs was found there.

Indium is a key element used in the creation of LCD touch-screens, and conventional liquid displays found on TVs and laptops. Canadian mines are the main provider of the substance, but it’s the first time it’s been found in Britain.  

Experts believe large quantities of the element have been found in the South Crofty pit in Redruth, with some reporting the mine’s owners could make up to £200m over the next 10 years.

The pit was shut in the late 1990s, the last tin mine in the UK to close. But it was reopened by developers a few years ago when prices for tin and other metals began to soar again. This time, though, they may have struck gold...
 

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