Havilah eyes March mine start-up
PERTH (miningweekly.com) – ASX-listed Junior Havilah Resources expects to start mining at its Portia gold mine, in South Australia, by March this year.
The company on Wednesday reported that it had lodged an unconditional bank guarantee with the South Australian Department for State Development to cover the A$1.95-million mining rehabilitation bond, relating to the Portia mine.
The bank guarantee, which was backed by a facility provided by mining contractor Consolidated Mining & Civil (CMC), fulfilled one of the key conditions precedent in the Portia mining and funding agreement between Havilah and CMC.
South Australian Mineral Resources and Energy Minister Tom Koutsantonis said lodging the A$1.9-million rehabilitation bond and the notification that works were commencing on site were important milestones for South Australia’s newest mine.
“Havilah Resources has moved quickly to meet the conditions necessary to begin work on the mine after full operational approval was provided in October last year,” Koutsantonis said.
The Portia gold mine is located near the New South Wales border with more than 50 000 oz of gold to be recovered from an openpit mine.
During the next few weeks, Havilah would establish a 50-person camp, start the required site-works, install dewatering pumps and construct pipeline corridors and water storage dams, as well as re-establish the nearby airstrip.
The company and CMC would also move to mobilise heavy earthmoving equipment to site.
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