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COAL production at Rio Tinto’s Kestrel Mine Extension is underway, with the US$20 million project adding a further 20 years to the life of the underground mine. Rio has run the hard coking coal (HCC) operation at Kestrel since 1999, but began the Kestrel South extension four years ago. At the peak of construction in early 2013 the extension provided work for about 1500 employees and contractors, and would require a workforce of about 400 people over the next 20 years. The expansion involved the construction of a new longwall, a 7.9km overland conveyor and upgrades to the existing coal handling and preparation plant, which has allowed a new series of underground panels to be mined to the south of...

THE production ramp-up at Kingrose Mining’s Way Linggo operation is soon to be accelerated, following Credit Suisse’s decision to provide US$15 million in funding for the project. Credit Suisse will provide the funds through a two-part prepaid gold transaction to PT Natarang Mining; an 85 per cent owned subsidiary of Kingrose and operator of the Way Linggo project. A portion of the funds is dedicated to further drilling, to outline and expand the Talang Santo resource, as well as for testing of nearby target areas and general working capital purposes. The ramp-up activities are to take place at the Talang Santo gold mine in south Sumatra, where Kingrose made its second high-grade epithermal gold discovery around 7km from the company’s...

Pajingo gold mine in North Queensland. By Elizabeth Fabri EVOLUTION Mining has signed an agreement to sell Pajingo gold mine and surrounding exploration tenements to Minjar Gold for $52 million. The deal involved a $42m upfront cash payment, and royalty payment of up to $10m for gold production above 130,000 ounces, which would result in a loss of $77.3m for Evolution based on the carrying value of the asset. “Pajingo has made a very important contribution to our business over the last six years,” Evolution executive chairman Jake Klein said. “Evolution has grown significantly in the past 18 months and it now makes strategic sense for the asset to be operated by an emerging gold producer that can provide the...

The free app will be one of many digital journeys launched to celebrate the story of Australian gold. Image: Gold Industry Group. BY ELIZABETH FABRI WA-based not-for profit organisation Gold Industry Group is soon to launch a virtual gold ‘discovery trail’ app that will pay homage to the State’s gold history. The first-of-its-kind Heart of Gold app will use augmented reality, audio visuals and games to engage residents and tourists in Perth to learn the story of gold and how it changed the cityscape and secured an economic future for WA. The trail begins at Elizabeth Quay and takes visitors to 12 locations of historical significance throughout the city, ending at Perth Mint. On 7 October, Gold Industry Group and...