Western Australia Premier Colin Barnett
Western Australia Minister for Mines Norman Moore
Australia’s ‘Biggest’ Gold Mine To Contribute 20 Million Ounces To Economy
Victor P Taffa
A huge boost in employment and a cash injection would help Boddington and surrounding towns become a significant mining centre with today’s official opening of Newmont Mining Corporation’s gold mine.
Western Australia Premier Colin Barnett said the $3.5 Billion recommissioned gold mine, 130 km South of Perth, heralded a new era of gold mining in Western Australia.
“The Boddington mine is expected to surpass the Kalgoorlie-Boulder Super Pit in terms of size and production in coming years. It should employ a production workforce of up to 900 employees and create many opportunities for suppliers and contractors,” Premier Barnett said.
“I congratulate Newmont on its buy local hire local policy and providing the local Ngaala Karla Booja people business, employment, education and training opportunities.”
The Newmont mine was expected to inject $770 Million into the economy every year for the next 20 years.
“Western Australia has always been about big projects, international trade and bold steps forward.” the Premier said.
“As a result, WA has secured its position as the world’s leading mining economy. It’s important that through this success we continue to improve conditions for the community and increase job opportunities.”
Western Australia Minister for Mines and Petroleum Norman Moore said recent technological advances and the strong gold price were the drivers behind the reopening of the gold mine, which operated from 1987 to 2001.
Mining operations ceased after the known near-surface oxide ore resource had been processed. Approximately 692,000 ounces were produced.
A bedrock resource of almost 20 Million ounces was identified and expansion of the facility to allow mining and processing of basement rock was approved in 2002 with construction on the expansion project beginning in May 2006.
“This gold mine is also a stamp of approval for the direction the Liberal-National Government has taken in restoring WA’s reputation as the world’s leading resource investment destination.” Mr. Moore said.
“The Newmont Gold Mine will produce about One Million ounces of gold annually in the first five years before averaging about 850,000 ounces a year for its anticipated 20-year lifespan.
“This mine is the flagship project for Newmont, which is one of the world’s biggest gold producers, and has combined reserves of 20.1 Million ounces. WA is again on track to resuming its position as the international resource investment destination of choice.”