Golden Grove Mine
| Golden Grove Mine | |||
|---|---|---|---|
| General information about the mine | |||
| other names | Gossan Hill and Scuddles | ||
| Information about the mining company | |||
| Operating company | Minerals and Metals Group | ||
| Start of operation | 2001 | ||
| Funded raw materials | |||
| Degradation of | Copper / gold / silver / lead / zinc | ||
| Degradation of | gold | ||
| Degradation of | silver | ||
| Degradation of | lead | ||
| Degradation of | zinc | ||
| Geographical location | |||
| Coordinates | 28 ° 44 ′ 0 ″ S , 116 ° 57 ′ 0 ″ E | ||
|
|||
| Location | Yalgo | ||
| State | Western Australia | ||
| Country | Australia | ||
The Golden Grove Mine is an Australian copper - lead - silver - zinc - gold mine located 52 km southeast of Yalgoo in Western Australia .
It is operated by the Minerals and Metals Group , a subsidiary of the Chinese state group China Minmetals , which acquired the mine from OZ Minerals in June 2009. Golden Grove was part of a purchase of the Sepon, Century, Rosebery and Avebury Mines, Dugald River, High Lake and Izok Lake Projects, as well as several mineral exploration projects valued at US $ 1,354 Billions from OZ Minerals to China Minmetals .
The purchase, which included the Prominent Hill Mine, was only partially approved by the Australian government due to national interests. This was announced by Treasury Secretary Wayne Swan , as the Prominent Hill Mine cannot be included in the purchase agreement because it is located in a military restricted area, in the Woomera Prohibited Area . The contract could only be completed after the purchase of Prominent Hill was waived.
history
The mine was originally owned by Australian Consolidated Minerals Pty Ltd before it was acquired by Normandy Poseidon Ltd in November 1991 . Normandy, now Normandy Mining Ltd, was acquired by Newmont Australia Ltd in February 2002 .
Newmont sold the mine to Oxiana Limited in June 2005 for AUD 265 million and Oxiana merged with Zinifex in mid-2008 to form OZ Minerals . OZ Minerals had to sell Golden Grove to China Minmetals , as well as its other mines, in June 2009 when the company ran into financial difficulties.
The Golden Grove Mine now consists of two mines about 3 kilometers apart. These are Gossan Hill underground mines in the hard rock and Scuddles which produce both zinc, copper, lead, silver and gold. The Gossan Hill deposit was discovered in 1971 and Scuddles in 1979.
In 2008, the mines' revenues were AUD 266.2 million and the operating income was AUD 72.1 million.
In June 2009, OZ Minerals announced that a technical defect in their ore grinder at the Golden Grove Mine had put production out of operation for a month just before the decision to sell. Operation was resumed a month later in July 2009.
production
Golden Grove production results: 1
| year | copper | gold | lead | silver | zinc |
| 2001 | 22,249 t | 5,356 oz | 4,937 t | 975,146 oz | 77,569 t |
| 2002 | 19,500 t | 10,300 oz | 4,937 t | 899,500 oz | 34,571 t |
| 2003 | |||||
| 2004 | |||||
| 2005 | 21,808 t | 25,272 | 4.949 t | 2,174,620 oz | 70,508 t |
| 2006 | 10,811 t | 49,354 oz | 11,458 t | 3,005,611 oz | 138,817 t |
| 2007 | 15,404 t | 48,807 oz | 8,119 t | 3,165,408 oz | 131,954 t |
| 2008 | 18,467 t | 47,755 oz | 13,300 t | 3,157,837 oz | 139,900 t |
| 2009 2nd | 16,658 t | 0.9 million oz | 2,662 t | 818,050 oz | 36,375 t |
1 January to September 2002 only .
2 Results for metal only from June to December 2009.
swell
- The Australian Mines Handbook: 2003-2004 Edition , Louthean Media Pty Ltd, Editor: Ross Louthean
- Western Australian Mineral and Petroleum Statistics Digest 2008 (PDF; 3.8 MB) page 34, Principal Mineral and Petroleum Producers - Gold
Individual evidence
- ↑ Completion of Transaction with Minmetals OZ Minerals ASX announcement, published: 17 June 2009, in English, accessed on 11. January 2010
- ↑ Minmetals Succeeds in OZ Minerals Deal ( Memento of the original of July 7, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Minmetals Australia Pty Ltd website, November 6, 2008, in English, accessed January 11, 2010
- ↑ Australia Blocks China's Purchase of Mining Company The New York Times , March 27, 2009, in English, accessed January 11, 2010
- ↑ AUSTRALIAN CONSOLIDATED MINERALS LIMITED (ACM) delisted.com.au, in English, accessed 11 January 2010
- ↑ NORMANDY MINING LIMITED (NDY) delisted.com.au , in English, accessed 11 January 2010
- ↑ a b To Acquire Golden Grove Mine from Newmont (PDF; 144 kB) Oxiana ASX announcement, June 24, 2005, in English, accessed on June 1, 2005. January 2010
- ↑ Change of name to OZ Minerals approved (PDF; 36 kB) Oxiana ASX announcement, from July 22, 2008, in English, accessed on January 11, 2010
- ↑ MINEDEX website - Golden Grove search result , accessed January 11, 2010
- ↑ a b Oxiana / OZ Minerals 2008 annual report ( Memento of the original from July 15, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 915 kB), in English, accessed on January 11, 2010
- ↑ Mill outage at Golden Grove (PDF; 104 kB) OZ Minerals ASX announcement, June 17, 2009, in English, accessed on May 11, 2009. January 2010
- ↑ Golden Grove mill back online: Minmetals The Sydney Morning Herald , July 7, 2009, in English, accessed January 11, 2010
- ↑ a b The Australian Mines Handbook: 2003–2004 Edition , p. 317
- ↑ a b c Oxiana 2007 annual report ( Memento of the original from July 15, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , in English, accessed January 12, 2010
