Western Australia Government Approves Superpit Gold Mine Expansion
January 29 2009 - 7:41PM
Dow Jones News
The Western Australia state government Friday approved the
expansion of the Kalgoorlie Superpit gold mine, jointly owned by
world no. 1 gold producer Barrick Gold Corp. (ABX) and Newmont
Mining Corp. (NEM).
The approval will extend the mine's life by ten years, and will
allow the pit to be deepened to 600 meters and establishment of
additional waste dumps, the government said in a statement.
The open-pit mine, located about 550 kilometers east of Perth,
produces over 600,000 troy ounces of gold annually.
-By Elisabeth Behrmann, Dow Jones Newswires;
61-2-8272-4689 elisabeth.behrmann@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front
page of today's most important business and market news, analysis
and commentary. You can use this link on the day this article is
published and the following day.