Long-abandoned Welsh mine revived as gold prices soar

AFP English

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 licence-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.

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

00:26it's going to be quartz

00:32Welsh gold has a premium mainly because it's so rare it's only the only gold that's been produced

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

01:06and 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

01:25oh yeah

01:45so

01:52you

01:54you

01:56You

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