Three Northern Territory gold mines to resume operations

The three gold mines at the top end of the Northern Territory (NT) will resume operations after the NT government conferred “Major Project Status” on the Mount Bandy Gold Project on Tuesday.

The three mines, Tom’s Garry, Rustra’s Roost, and Quest 29, are located approximately 100 km southeast of Darwin.

The $ 421 million (US $ 292 million) project will generate $ 1.78 billion (US $ 1.26 billion) in operating costs over the entire duration of the project, create 150 construction jobs in 18 months, and 10 years. Is expected to create 300 full-time jobs. , According to the NT government Media release..

Mining Minister Nicole Manison said the gold industry is essential to the development of the territory and the government will continue to work with the private sector to unlock projects that contribute to the economic development of the territory.

“This territory Labor government is pushing more mining projects off the ground, which means more jobs and a stronger economy for territory people,” she said.

“Last year, we established the Minerals Development Task Force to accelerate more investment and mining projects in the territory.”

Preliminary construction is already underway with the construction of the Mount Bandy Creek Culvert Bridge in October and November 2021, with a drainage system using a Darwin-based National Pump and Energy (NPE) company and a local contractor. is.

Construction of the actual mine is expected to begin in 2023 after the regulatory approval process is complete. Final investment decision..

Operations include three mines, a processing plant that produces gold draingots, and a camp.

Dr. Mark Qiu, Managing Director and Chief Executive Officer of Mt Bundy Gold Project’s parent company, Primary Gold, said the awarding of Major Project Status is a great achievement for Primary Gold, its shareholders, and its territory.

“The awarding of Major Project Status distinguishes the Mount Bandy Gold Project as an attractive investment-ready development in a jurisdiction suitable for the mining industry, with all major approvals received or well-progressed in the approval process. I have, “he said.

The territory has a long history Gold mine mining It produces approximately 20 million ounces of gold primarily from pineapple, tennant creek and tanami gold mines.

In 2020-21, the Northern Territory produced 505,600 ounces (14.98 tonnes) of gold, worth $ 1.19 billion ($ 842 million).

Steve Milne


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