It is hoped that the monument will bring in extra investment
Walsall Wood celebrates the official opening of its replica pit head this weekend.
A ceremony will take place at St. John's Church on the High Street on Saturday 6 February at noon. A brass band will be one of the attractions.
The 55 foot mining memorial, believed to be the largest of its kind in the world, has been built off-land on Lichfield Road.
It is a replica of winding gear from the old Walsall Wood colliery.
The structure was designed by artist Luke Perry as part of a £40,000 public art project that includes a number of silhouettes of real Walsall Wood residents.
These will also be officially opened at the ceremony. Attendees will be able to hear about the project at the church before being given a map and allowed to explore the works.
Councillor Adrian Andrew of Walsall Council said: "This scheme will help put Walsall Wood on the map and help us as we try to attract new investment.
"This is about celebrating Walsall Wood's identity and heritage. Congratulations to all of those involved in the Walsall Wood regeneration steering group."
Thousands of current local residents have ancestors who worked in Walsall Wood's pit which operated from the late nineteenth century to the 1960s.
The town was a thriving goods handling centre in the nineteenth century and was a key link in the road, rail and canal networks.