- Write by:
-
Tuesday, March 9, 2021 - 12:26:24 PM
-
475 Visit
-
Print
Mining News Pro - Red 5 is set to contract Macmahon for mining services at the King of the Hills (KOTH) gold mine in Western Australia in a move to have the operation up and running by early 2022.
The $650 million-plus contract involves the provision of both surface and underground mining services over a five-year term.
Red 5 anticipates the final contract documentation will complete in the June quarter, with the contract commencing in the March quarter next year.
Last Thursday saw the 2.4 million ounces, 16-year project receive the Western Australian Government’s approval for mining.
Red 5 also appointed a mine manager for the KOTH project, Andrew McRae, who previously worked for Evolution Mining at the Cowal gold mine in New South Wales.
Red 5 managing director Mark Williams said these latest developments promised to benefit the Western Australian gold project over the long-term.
“Following a rigorous tender process, we are delighted that, subject to final agreed contract terms, Macmahon will be appointed as mining contractor for both the KOTH open pit and underground mines,” Williams said.
“We see a number of important operational efficiencies and cost benefits in having both mining operations managed by a single contractor.
“We are also very pleased to welcome Andrew McRae to the Red 5 team as the KOTH mine manager… he will play a key role in planning and preparations to ensure we remain on commencing activities at the KOTH gold mine in early 2022.”
Macmahon chief executive and managing director Michael Finnegan said he was confident in his company’s plans for growth.
“We are delighted to be in advanced discussions with Red 5 for its King of the Hills gold project in Western Australia. We have a strategy to expand our presence across the mining services value chain, and this project highlights the benefits of being able to offer a combined surface and underground mining solution from the outset,” Finnegan said.
“We look forward to continuing our relationship with the Red 5 team and supporting their development of this important project.”
Red 5 expects to pour first gold at KOTH in mid-2022.
Short Link:
https://www.miningnews.ir/En/News/611726
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected ...
No comments have been posted yet ...