Tag: Tanami

Tanami expansion 2 approved

Tanami expansion 2 approved

NEWMONT Goldcorp’s board of directors have unanimously approved the execution phase of the Tanami Expansion 2 project. The expansion will allow the miner to access the Auron deposit, first discovered in 2008, below the Callie orebody and could extend the mine life beyond 2040. Tanami Expansion 2 includes the construction of a 1460m shaft, additional capacity in the processing plant and supporting infrastructure that would allow the project to remain profitable as the mine heads 2140m below surface. Newmont Goldcorp began commercial production at the expansion project in 2017, and announced in March 2019 that the $245m power station project was complete. The execution phase of Tanami Expansion 2 represents a significant milestone for the operation. Newmont Goldcorp chief executive,…

Mining in the Territory: Opportunities for growth

Mining in the Territory: Opportunities for growth

Image: Department of Primary Industry and Resources, Northern Territory Government. By Elizabeth Fabri FAMED for its red earth and desert landscapes, the Northern Territory is arguably Australia’s most ‘under-explored’ mining region with only a handful of major mines operating across the 1,346,200sqkm expanse. But with government backing and major projects in the pipeline, things are looking up for the country’s top end. The Northern Territory, also known as the ‘Red Centre’, contains a wealth of minerals, including Australia’s largest deposits of uranium, zinc-lead, bauxite, gold, phosphate and manganese. In 2015/16 the territory produced $3.05 billion worth of minerals, of which gold accounted for 29 per cent and manganese 27 per cent of the total value. Employment was on the rise, with…