Acrux Sorting Technology (“AST”) is proud to announce a strategic investment in SGZ Cononish Limited (“Cononish”), the only commercial gold mine in Scotland, located within the Loch Lomond and The Trossachs National Park. This investment, which will place AST subsidiary, Acrux Gold Limited, as an 80% majority owner of Cononish, marks a significant step in AST’s commitment to expand into the mining of high-value commodities while it continues to develop innovative and integrated business solutions that deliver long-term benefits for the environment, local communities, and the mining sector.
Gold has stood the test of time, proving throughout history to be a resilient and valuable investment. Today, its relevance and appeal are stronger than ever. With this broad perspective and as the global demand for gold continues to grow, Scotland presents a unique opportunity for sustainable and prosperous development in the sector.
AST’s investment in Cononish reflects its confidence in the future of gold mining in Scotland and its commitment to strengthening the sector through responsible and sustainable operations.
“This is a transformative opportunity for both AST, Cononish and surrounding communities. The growing value of gold presents an exciting investment landscape, and we are committed to ensuring long-term success while adhering to the highest environmental and social economic standards,” said Sean Browne, CEO of AST.
Commitment to Economic Growth and Environmental Responsibility
AST is determined to be judged by how it treats the environment and measures its success by the positive impact it has on the local economy.
This partnership will see Cononish recapitalised and returned to operation, and the final restoration complete rather than the site being abandoned. The investment will bring new jobs and stimulate economic activity in this remote Scottish region.
Strong Engagement with Regulators and Local Authorities
Acrux Sorting Technology extends its gratitude to Crown Estate Scotland and Loch Lomond & The Trossachs National Park Authority for their willingness to engage and give clear advice in making this venture possible. Their expertise and guidance have been invaluable in ensuring that this investment aligns with both environmental and community interests.
“We’re honoured to work alongside the local governing bodies. Our shared vision for sustainable growth gives us confidence in a bright future for both Cononish and the
Scottish gold sector, creating long-term value and setting a benchmark for responsible mining,” concludes Sean Browne