380 gold mining jobs secured
Ravenswood gold mine has been extended after Resolute Mining secured nine new mining leases for the $150 million project.
The new gold mining leases for Ravenswood mean 380 jobs in the historic gold town have been secured, lifting the spirits of many people in the local community. A further 100 construction jobs will be created when the new mine is being built.
The Ravenswood gold mine expansion will consist of open pit mining at the adjoining Sarsfield and Buck Reef West deposits.
“For the 280 strong workforce, it means another 13 years of employment, as well as an additional 100 construction jobs for the new mine.”
“These new mining leases support our plans to expand production from our Ravenswood mine and continue a strong partnership with the government and the local workforce and community that commenced in 2004,” Resolute’s managing director Mr Welborn said.
“We continue to create good value at Ravenswood and we expect the ongoing strategic review will now be able to incorporate expanded production rates as we prepare for an investment decision on the Ravenswood Expansion Project in the second half of 2019.
“Ravenswood’s future is increasingly secure as a successful large-scale long-life open-pit gold mine that will provide local employment, regional economic stimulus, community benefits, revenue for the State Government, and benefits for Resolute shareholders.”
Resolute will be able to fast track gold production at the Ravenswood gold mine by utilising its existing equipment and processing plant. The Buck Reef West mine is expected to be in production by July, reaching full capacity by 2024.
Ravenswood gold mine is situated about 150km south-west of Townsville. It has a rich mining history dating back to the gold rush in 1868. The region has produced more than three million ounces of gold.
Queensland Mines Minister Anthony Lynham yesterday granted the new mining leases, an essential step for the $150 million project to extend the life of Ravenswood gold mine operations.
“These new leases acknowledge Resolute Mining’s significant contribution to Ravenswood,” Dr Lynham said.
“The company has pre-funded and commenced refurbishing and relocating the historic Ravenswood State School, providing new sporting facilities and helped preserve this former gold town’s cultural heritage.
“For Resolute, it means they can continue operations smoothly as one mine reaches the end of its lifecycle and another begins. Resolute’s existing Mount Wright underground mine is due for closure next year.
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