Big opening for Tanami Golds Coyote

first_imgIM June includes information on Tanami Gold’s newly operating Coyote gold mine in the Tanami-Arunta Province of Central Australia. The official opening is to be May 24 and will be conducted by the Governor-General of Australia, His Excellency Major General Michael Jeffery. The ceremony will also be attended by the Chairman of the Tjurabalan Native Title Land Aboriginal Corporation, Tomato Gordon, the Executive Director of the Kimberley Land Council (KLC), Wayne Bergmann, Parliamentary Secretary to the Minister for Resources, Tony McRae MLA, the Hon Tom Stephens MLA, Member for Central Kimberley-Pilbara, the Administrator of the Northern Territory, His Honour Mr Ted Egan, representatives of the Tjurabalan People, Tanami Gold employees and guests. Over 300 people including employees, guests and a strong representation by the Tjurabalan People are expected on site. The official opening of the mine represents a major milestone for Tanami Gold and the Tjurabalan People, whose partnership – forged over the past decade – has been instrumental in underpinning the development of the new mine and will continue to deliver new opportunities for this part of central Australia over the coming years.Tanami Gold signed a landmark Mining agreement with the Tjurabalan people, with the support of the KLC, in April 2005 covering mining and exploration in the almost 26,000 km2 of Tjurabalan lands lying to the south and east of Halls Creek in Western Australia’s Kimberley region. This historic agreement, which the KLC describes as one of the best in Australia, is based on a long-term commitment to the region by both parties and includes a strong commitment to employment, training and business development opportunities for the Tjurabalan People. The agreement followed years of negotiations between Tanami and the Tjurabalan People during which a strong bond of trust and understanding was forged which demonstrates that workable and mutually beneficial agreements can be entered into with indigenous communities.Coyote gold mine will provide long-term employment for in excess of 100 people, some 40% of which are employed by CDE Capital, which holds the contract for mining and civil works. Approximately 50% of CDE Capital’s workforce is Aboriginal.For Tanami, the official opening signals the most important turning point in its 12-year journey as a junior exploration company, marking its transition to producer status. Since its establishment in 1994, Tanami has assembled one of the largest exploration portfolios in Central Australia, invested in excess of A$75 million in exploration and development in the region and has secured the support and participation of the region’s indigenous communities.Tanami Gold’s Executive Chairman, Denis Waddell, said the opening of the Coyote mine represents the culmination of 12 years of challenging work as a junior exploration company working in a remote and isolated region with poorly developed infrastructure and difficult access.“This is a major achievement and very positive step forward for central Australia, and also represents one of the few new gold mine developments in Australia in the past decade,” Mr Waddell said. “We are honoured that the Governor-General, His Excellency Major General Michael Jeffery, has agreed to join us to officiate on this special occasion, to mark the official launch of Australia’s newest gold mine. We are also very pleased that the event will be attended by a large number of the Tjurabalan People – including their Chairman, Tomato Gordon – to celebrate the community partnership that we expect will continue to deliver tangible benefits to this region for many years to come.”Open pit mining commenced at Coyote earlier in May, with construction of the on-site gold processing facility, accommodation village and associated infrastructure now well advanced and scheduled for completion in early June 2006. Plant commissioning is expected to commence in mid-June, leading to a first gold pour towards the end of the month.Stage 1 production will ramp up to 60,000 oz/y, with ore sourced from an open pit during the first 10 months of mining and subsequently transitioning to an underground operation. Tanami plans to expand the operation significantly during Stage 2, increasing production levels to over 100,000 oz/y. Importantly, cash flow from the operations will fund intensive ongoing exploration programs to be undertaken on the Company’s large and highly prospective ground holdings aimed at discovering the next major deposit in the Tanami-Arunta Province.last_img read more

How Queenslands resource dollars turbocharge state economy

first_imgA$707 a second is how much the Queensland minerals and energy resources sector spends on goods and services from Queensland businesses; wages and salaries paid to its Queensland employees, and voluntary community contributions to Queensland communities. This is just a sample of the data available from a new website www. Queenslandeconomy.com.au  This was being launched in Brisbane by Queensland Resources Council Chief Executive Michael Roche at the peak industry body’s annual lunch in front of the Premier and a record 950 guests. “The beauty of the website is that if you want to know exactly what was spent in your local government area by resources companies in 2009-10, the total spend is there, along with an independent measure of subsequent economic activity generated in that community. All you need is a postcode or town name to get instant results,” Roche said.The database powering the website is the most sophisticated and accurate compiled by any Australian industry. “In an Australian first, actual spending by QRC member companies was aggregated by postcode and then translated into a full economic picture-including the flow-on benefits of income and job generation-across all Queensland local government areas.“While a large share of the annual spend on goods and services and wages and salaries occurs in resource communities, it’s revealing to learn how far and wide the economic benefits spread. For example, 423 or 96% of Queensland’s 441 geographic postcodes received at least one dollar in goods and services expenditure in 2009-10.”Telling 2009-10 statistics from http://www.queenslandeconomy.com.au/:The resources sector accounted for 21% of the Queensland economyIt accounted for 13% of Queensland’s total employmenIt accounted for 22.7% of Brisbane’s total employment (or 136,600 jobs)It spent A$17.4 billion in Queensland on local goods and services and voluntary community contributions and paid A$4.9 billion in salaries and wages to its employeesIts total land disturbance was just 0.09% of Queensland’s land massResources sector royalties paid to the Queensland Government could increase from a forecast A$3.2 billion in 2010-11 to A$6.1 billion by 2020-21.“We often hear that the resources sector is the backbone of our economy, and it is equally apparent now that all Queenslanders have a stake in a healthy and prosperous resources sector.”last_img read more