Long-abandoned Welsh mine revived as gold prices soar

The Manila Times

Long-abandoned Welsh mine revived as gold prices soar  At the bottom of a long-abandoned mine that supplied the gold for Britain's royal family wedding rings, the search for rare Welsh gold is back on as gold prices hit fresh highs in the turmoil of US trade tariffs. The Clogau St David's mine was flooded until its latest license-holder, Alba Mineral Resources, spent months pumping out water to begin operations. "Welsh gold has a premium, mainly because it's so rare," says chief operating officer Mark Austin.  AFP VIDEO  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe   Visit our website at https://www.manilatimes.net   Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion   Subscribe to our Digital Edition - https://tmt.ph/digital   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein  #TheManilaTimes #worldnews  #gold

Transcript

00:00and that's what you see the majority here there's white material here the bulk of it is going to

00:27cause

00:39Welsh gold has a premium mainly because it's so rare it's only the only gold that's been

01:01produced now at the moment in the UK there was some gold coming from Scotland but that's now

01:05stopped and there's also the premium is linked to the association of the clock eye gold specifically

01:15with the royal family they were gifted a lump of gold in the 1920s and from that they've shaved

01:23gold to make their wedding rings

01:35oh yeah

01:45you

01:50you

01:54you

01:57I'll see you next time.

Category

Transcript

Recommended