Tag: Cobar shire

THE CSA Copper mine has had almost continuous production since 1871 and, owned by Glencore through Cobar Management Pty Ltd, it produces more than 1.1mt of copper, as well as more than 185,000t of copper concentrate per annum at around 27pc copper metal, which is exported to smelters in India, China and South East Asia. In March of this year, rumours circulated that Aurelia Metals Limited was interested in acquiring CSA Mines. During Aurelia’s March quarter conference call, the company expressed that CSA could potentially be a strategic fit and that further consolidation in the Cobar region was attractive following Aurelia’s successful acquisition of Peak gold mine in 2018. In April Aurelia released a statement confirming that preliminary discussions with...

Southern Nights discovery. Image: Peel Mining.    BY ELIZABETH FABRI   IN the outback town of Cobar rising commodity prices are restoring confidence at existing operations, as fresh exploration signals a break away from the region’s reliance on base metals towards a gold-focused future.   It's been boom-and-bust for Cobar since first copper was discovered in the region in 1869. The town has witnessed great successes (at peak sporting a population of 10,000) followed by incredible lows when commodity cycles took a dive. Just two years ago this was the case when one of the town’s major employers, CBH Resources’ Endeavor mine, made almost half of its workforce (116 people) redundant as a result of the declining zinc and lead...