Wednesday, 6th April 2005 (2465 views)

The expansion of an Australian gold and copper mine has received approval from the state government.

According to the Sydney Morning Herald, expansion of the Ridgeway mine in the New South Wales central west area will cost round $114 million.

Premier Bob Carr commented: "I am pleased we have been able to accommodate such an important investment, while also maintaining the integrity of the local environment.

"The expansion of the gold mine will boost the NSW gold industry, which produces around $427 million worth of gold, or 10 per cent of Australia's total gold output each year."

It is hoped the expansion will add six years to the life of the Cadia Holdings-owned site.

A host of conditions must be met in line with the approval, such as protecting the local environment.

 

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