https://www.engineeringnews.co.za

St Barbara discussing Gold Ridge sale

St Barbara discussing Gold Ridge sale

Photo by Bloomberg

25th August 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold miner St Barbara has confirmed that it is in discussions with the Solomon Island government about the possible divestment of the Gold Ridge mine.

The company said at the end of last week that it was in negotiations for the possible transfer of ownership of the Gold Ridge mine to the government.

Operations at the mine remained suspended, after staff were evacuated earlier this month on safety fears.

Mining at Gold Ridge was first suspended in April this year, and personnel were evacuated following torrential rains that caused significant damage to infrastructure.

St Barbara subsequently dealt with immigration issues after the Solomon government advised the miner that expatriate officers and managers would not be allowed to return to the Solomon Islands, without giving a reason for the order.

In June, the gold miner reached an agreement with the local government that saw the immigration ban being lifted, only to be confronted with illegal miners at the site.

To date, St Barbara had been unable to resume production at Gold Ridge owing to a number of factors, including the loss of stable bridge access across the Tinahulu river, and the continued presence of a large number of illegal miners camped in the openpit area.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 1.096s - 140pq - 2rq
Subscribe Now