Jetcrete – Australia’s largest shotcrete provider

THE decision to process low grade stockpiles will see Australia’s largest open pit gold operation continue to process gold until 2029. Kalgoorlie Consolidated Gold Mines (KCGM) previously expected to continue mining the Kalgoorlie Super Pit until 2019 and processing gold until 2021. However in 2012 the stockpiles were deemed a mining reserve in accordance with NI43-101 standards, allowing the processing of ore to continue for an additional eight years. “While current plans have us stopping open pit mining in 2019, processing the low grade stockpiles has now become part of our long-term plan,” KCGM general manger Russell Cole said. “The inclusion of the stockpiles means KCGM currently plans to process gold until 2029. Of course this may change as the...

The project is located in the Tennant Creek region. Image: Emmerson Resources. BY ELIZABETH FABRI PROJECT partners Emmerson Resources and mid-tier gold producer Evolution Mining will open the first Northern Territory gold mine in more than a decade, after final approval to begin production at the high grade Edna Beryl gold operation was received in June.  Emmerson’s strategy was aimed at monetising a pipeline of small high grade gold deposits within its Tennant Creek project as a low cost path to production; the company stated that it had identified 15 such mines within its tenements. The first of these, Edna Beryl, will be operated under a tribute agreement with Edna Beryl Mining Company, an operator that specialises in small mines....

By Jane Goldsmith April 21, 2015 ASX-listed PanAust has shunned a $1.1 billion takeover bid from China’s Guangdong Rising Assets Management (GRAM), dubbing the price “inadequate”. The Laos-based copper and gold producer advised shareholders to “take no action” in response GRAM’s unsolicited $1.71 per share offer, proposed on 30 March. The price was a premium to the $1.22 figure PanAust shares traded at before the bid, but well below a previous $2.30 proposal from GRAM, made in 2014. In mid April, PanAust managing director Fred Hess formally advised against shareholder acceptance, stating the company’s share price averaged above the GRAM offer price, indicating the company had been undervalued. “Whilst investor sentiment towards the resources sector remains variable and driven by...