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Thursday, 5th May 2005 (3924 views)

Expansion plans at the Ridgeway gold-copper mine near Orange in New South Wales (NSW), Australia, have been given the go-ahead.<br/><br/>The $124 million Ridgeway Deeps extension is hoped to add six years to the life of the mine and also protect 200 jobs locally.<br/><br/>In addition, mining will become 300 metres deeper and an extra 1.3 million ounces of gold will be produced.<br/><br/>Bob Carr, NSW's premier, told the Blayney Chronicle: "This is a tremendous investment for the State's Central West. <br/><br/>"It will be a great boost for those employed at the mine and the local economy. The expansion of the mine will boost the NSW gold industry, which produces around $427 million worth of gold, or 10 per cent or Australia's total gold output each year."<br/><br/>The mine is operated by Cadia Holdings and a number of strict conditions on the expansion must first be met.<br/><br/>NSW is now the second highest gold producing state in Australia.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8431607"/>

 

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