Super Pit's life to be extended

The operators of the Kalgoorlie Super Pit - Australia's second largest open-cut gold mine - say they will extend its processing life by eight years.

Kalgoorlie Consolidated Gold Mines, a joint venture between Barrick Gold and Newmont Mining, says the Super Pit operation will continue to process gold until around 2029.

"While current plans have us stopping open-pit mining in 2019, processing the low-grade stockpiles has now become part of our long-term plan," KCGM general manger Russell Cole said in a statement.

"The inclusion of the stockpiles means KCGM currently plans to process gold until 2029."


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Reminded of my father's pivotal role in establishing the Super Pit in the first place!!

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5th-Newcrest Mining386
6th-Barrick Gold376
7th-Regis Resources324
8th↑Saracen Mineral Holdings273
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