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Wednesday, 6th April 2005 (4029 views)

The expansion of an Australian gold and copper mine has received approval from the state government.<br/><br/>According to the Sydney Morning Herald, expansion of the Ridgeway mine in the New South Wales central west area will cost round $114 million.<br/><br/>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.<br/><br/>"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."<br/><br/>It is hoped the expansion will add six years to the life of the Cadia Holdings-owned site.<br/><br/>A host of conditions must be met in line with the approval, such as protecting the local environment.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8208651"/>

 

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