Tag: Resolute Mining

Crushed ore cone at Nolans processing plant. Image: Resolute Mining. Photography: Roslyn Budd.   BY AMY BLOM   DESPITE almost closing Ravenswood mine in 2016, Resolute Mining has now announced a 14-year mine life with staged plans to return to 5 million tonne per annum open cut mining. Along with Ravenswood, its operations in Africa and a dedication to increasing output through new technology, Resolute expects to grow annual production to 500,000 ounces by 2021.   Innovation and experience was the key to successfully extending the life of the Ravenswood mine in QLD, according to Resolute Mining chief executive and managing director John Welborn. Just over two years ago, the Ravenswood gold operations were hanging in the balance, with the Mt Wright...

By Cameron Drummond WA companies are prospering off a commodity rebound, with Fortescue Metals Group (FMG), Pilbara Minerals (PLS) and Resolute Mining among a group recording market cap increases. The Deloitte WA Index rose in April with the market capitalisation of WA-listed companies increasing by 9 per cent to $136.2 billion. Deloitte Clients & Markets Partner WA Tim Richards said the index’s performance was boosted by the month’s strong commodity prices. “April’s result, which follows a 5.9 per cent rise in March, was primarily driven by crude oil reaching its highest price in 2016 and iron ore climbing to US$64.50 per tonne at the end of the month,” Mr Richards said. “This spurred on investors, as demonstrated by the market...