Demand for heavy conveyors could be increased if a famous mine in Wales is reopened for business.
According to the BBC, an international firm is currently considering reopening the Gwynedd St David’s gold mine in Bontddu, which closed in 1998 due to increasing costs.
The Crown Estate, which operates lands in the UK belonging to the monarch, is currently in talks with the overseas prospectors about selling the licence for its operation.
Speaking to the BBC, Ben Roberts, managing director of Clogau Gold Limited, explained that the company is also interested in taking over operation of at least part of the mine as its own gold supply dwindles.
"We’re naturally a little disappointed the licence may have been granted to someone else but we’re keen to open discussions with the new consortium to discuss how we can purchase any precious metals extracted from the mine," he said.
"If they get the licence and will not work with us, we really don’t know where we will get our gold from in the future."
Either move would see increased desire for bulk materials handling equipment at the site, which produced the precious metal used to make Princess Diana’s wedding ring.
