Stoney Boy
Member
And please don't say there is no ore left....
British Fluorspar
- Thread starter waggie
- Start date
nickwilliams
Well-known member
The short answer is simply that it wasn't making any money. The longer answer is tied in with the global availability of strategic minerals and cash for investment.
All mines operate in global market where the world price of the mineral they produce governs their income. A mine which is a small stand-alone operation has to generate income which exceeds its costs or it very quickly runs out of cash. A mine which is part of a much bigger global operation does not necessarily have to generate a profit - the owners can afford to sit on the reserves until the world price increases to a level where extraction makes financial sense. However, if it's not operating at a profit then it makes sense to minimise the losses, and employing staff who are no longer needed because production has stopped are a major part of those losses.
Mark
Well-known member
There are also quite a few local people who are glad to see the mine closed
Rob
Well-known member
I actually think this is the main downside. Without the fans we would not have found Cussey nor connected it to the system below....
petejackson
New member
I hear that some of the equipment has been viewed for transfer to other fluorspar mines.
royfellows
Well-known member
First of all, please, dont shoot the messenger!
FLUORSID BRITISH FLUORSPAR LIMITED
Companies house - public sector information - as I say above, dont etc
ALL directors have resigned making the company illegal, the last one about 10 days ago!
Accounts are overdue.
Last accounts, 2022 show huge debts.
Land Registry search on Mill Dam mine describes it as "Leasehold"
For interested parties I recommend downloading the company accounts that are available and studying them in detail.
For the time being at least, I prefer to just give a 'heads up' and refrain from any comment
FLUORSID BRITISH FLUORSPAR LIMITED
Companies house - public sector information - as I say above, dont etc
ALL directors have resigned making the company illegal, the last one about 10 days ago!
Accounts are overdue.
Last accounts, 2022 show huge debts.
Land Registry search on Mill Dam mine describes it as "Leasehold"
For interested parties I recommend downloading the company accounts that are available and studying them in detail.
For the time being at least, I prefer to just give a 'heads up' and refrain from any comment
Cantclimbtom
Well-known member
I hope none of the former workers are owed back pay, unpaid holiday or have company administered pensions
Graigwen
Active member
I share your hopes, but this is how Britain operates today. Offloading genuine debts is called efficiency.
.
royfellows
Well-known member
Quoting from a certain source:
"A mine which is part of a much bigger global operation does not necessarily have to generate a profit - the owners can afford to sit on the reserves until the world price increases to a level where extraction makes financial sense."
Reading the accounts, the company was only capitalised to £100K in £1 shares to start with!
"A mine which is part of a much bigger global operation does not necessarily have to generate a profit - the owners can afford to sit on the reserves until the world price increases to a level where extraction makes financial sense."
Reading the accounts, the company was only capitalised to £100K in £1 shares to start with!
AR
Well-known member
Something I noticed over the weekend is that the site of the Tearsall opencast is up for sale, I'm not sure whether the company owned it or leased it. However, if BF have completely disintegrated that raises questions about what's happened to the significant bond sums held aside for restoration of the Cav Mill site, also what will happen about dealing with the collapses on Eyam Edge.
Tangent_tracker
Active member
I wonder if hydraulogy might change toward moorwood sough and Cussey etc... now the pumps are off?
Rob
Well-known member
I'd guess not much, if at all. The pumps used to drain water towards the East, from depth. Now "the depths" are full and it overspills to the east...
The water from Douse Hole was intercepted by the main drive and was redirected into the raise that comes up from 'C' Drive it then went north towards neatherwater farm however i think it was pumped back up 'C' Drive and sent to Ladywash via the ventilation fans. I think that given time any workings below the 'C' West junction will flood completely and any overflow will drain towards Ladywash mine and flow out to grass via Moorwood and Stoke Soughs.
Stoney Boy
Member
Sadly high rake was subjected High explosive action to remove the fluorspar this action shatters the rock left in situ, it may not be suitable for climbing on
Cantclimbtom
Well-known member
You're right, it'd be useless for climbers.
Years back I did a job or two maintaining some catch fence/mesh in an old quarry (that was being used for landfill, it protected access for the waste trucks). It'd been quarried in benches and blasted with HE (for road stone?). The bench heights would've been perfect for short climbing pitches but the rock was left a fractured mess as they'd wanted to blast it and truck out the material. Not at all like quarried for blocks, those are the climbers' quarries.
Stoney Boy
Member
It's been climbed on already...However the quality levels maybe questionable 🤔
Mark
Well-known member
What was on the other side of the main drive (where the Dowse water went) was it filled in or blocked up?
It was blocked up