The world’s biggest gold mining company, Goldmines, has warned that it’s not ready to abandon the old Goldmine mine site, which has become a key part of the country’s infrastructure.
Goldminers CEO Greg McMillan told the Australian Financial Review that while the company had recently completed a “fairer” site, it still has a “fair amount of work to do”.
The company’s CEO Greg McLellan has previously described the GoldMine as a “strategic location” and the site is the only mine with a significant capacity and a good prospect for long-term profit.
He said the company would be exploring other sites, but did not provide any further details.
“We are looking at a range of opportunities,” Mr McLellant said.
The Australian Financial, which first reported the news, reported that the site had a total of 18 million tonnes of gold, and had been mined by a single company since 1993.
A former Goldmine employee, Mr McLelant said the site was a “critical resource”.
“The mine has had a very long history,” he said.
“The mine’s got a lot of history, both the mining and the processing.”
“So, we need to preserve it for the future.”
Goldminis chief executive Greg McLelan says the mine is not ready for the day gold is worth more than $US50,000 per ounce.
Photo: APThe Goldmine, located in northern NSW, was started in 1927 by the former Goldfield Group boss John Minkin.
Its primary focus was gold-mining, with the company then expanding to copper-mining and gold-mining in the 1980s and 1990s.
But in 2014, the company decided to abandon its mining operation.
Goldmines’ mining operations are still operating in parts of the Northern Territory and Victoria.
In 2017, the mining company also bought a property in the South Australian town of Morphett, which had been part of Goldmin, and is building a new mine site on its own land.
Despite the Goldmin site’s closure, the Goldmining Company is still actively engaged in the mining industry in the Northern Australian and South Australian regions.
Mr McLellants comments about the mining operation in Morpackt come as Goldmin is facing a legal challenge from former employees who say they were not paid properly and were forced to take sick leave and quit the mining job in the 1990s due to the Gold Mine’s closure.
During the course of the Gold Mines legal action, the former employees also alleged that they were paid less than minimum wage, which is around $16 an hour.
However, in an email sent to Goldmine staff on Tuesday, Mr McMillans wrote that the Gold mines main focus is on improving the operation and managing its workforce.
“(We) have an excellent relationship with the Gold Miners staff,” he wrote.
McMillan said the new site would have “a very significant contribution” to Goldmining’s future.
‘It’s a critical resource’A spokesman for the Northern Rivers Council said it was “very disappointed” by Mr McMills comments and would have to speak to Goldmin’s legal team to “find out what the facts are”.
“We want to know the full facts, and the facts that the council has been told,” he told ABC News Breakfast.
“We believe this is the right thing to do and we want to see the whole truth come out.”
Goldmin’s CEO and chief executive, Greg McLillans, told the ABC the company’s mining operations were still operating.
According to the company, the site’s main focus was the mining.
It has a lot and a lot.
The mine has got a whole lot.
A former Goldminer employee, Greg McMellan.
Photo:”In the long-run, it’s a vital resource,” Mr McMellans said.
“It’s an important resource, it gives us the ability to continue our work and do the things that we do best.”
The company did not have a comment when contacted by the ABC.
Earlier this month, the Northern River Council said the Goldfields decision to sell off the property to a company was “unhelpful and contrary to the best interests of the river”.
Its president, Paul Tudge, said that Goldfields’ move would “disparage and humiliate” the river community.
“[The] decision has resulted in significant environmental damage and significant disruption to the lives of the people of the Murray-Darling Basin and the rest of Australia,” he warned.
This week, the National Farmers’ Federation called on the Government to reconsider the decision to close the Goldfield mine and said that the new mine would also impact on local farmers.
On Tuesday, Goldmine CEO Greg