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International Business Times
International Business Times
World

REVEALED: Long abandoned welsh mine revived as gold prices soar - The Real Truth

Gold Alba Mark Austin
Clogau gold is prized for its scarcity, Welsh heritage and ties to the British royal family, fetching up to 10 times the standard market rate (Credit: AFP)

At the bottom of a long-abandoned mine, 50 metres below the surface, one company searches for rare Welsh gold, attracted by soaring prices and its royal connection.

The Clogau-St David's mine, located in a national park near the coast of Wales, was flooded until its latest licence-holder, Alba Mineral Resources, spent months pumping out water to begin operations.

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