Millennium Minerals has entered into voluntary administration following months of fund raising efforts to support the Nullagine gold mine in Western Australia.
The gold miner has appointed Deloitte Financial Advisory as its administrators.
Deloitte is undertaking an urgent assessment of Millenniums trading position and near term liquidity This will determine Millenniums future viability and options going forward.
Millennium last month received a 7 5 million extension to its 20 million term loan facility with major shareholder IMC Group.
AusIMM Mill Operators Conference 2021 Place Brisbane Queensland Australia Date June 23 25 2021 READ MORE.
In September Millennium lowered its 2019 production guidance from 80 00090 000 ounces to 70 00075 000 ounces stating it couldnt make up for the production shortfalls incurred in previous quarters.
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Millennium managing director Warren Hallam announced in September the companys focus was to reduce costs and introduce operating efficiencies.
Aug 14 2020nbsp018332Newcrest Mining has delivered lower gold production across its mines in Australia and Papua New Guinea This includes the Cadia mine in New South Wales which produced 8.
Jumbo operators in Australia earn up to 165 000 per annum however the maximum salary paid to mill operators in rest of the world doesnt exceed 111 000 per year The annual salaries of technicians electricians and fitters range between 50 000 and 150 000.
When it comes to mineral processing equipment the Micron Mill Wave Table is both effective and cost efficient In this short report Ian explains WHY its so good especially those involved in gold mining and minerals extraction in Australia and many other countries We use sell and Free DVD shows Gold Wave Table.
Copper Mountain Mining Corporation has a robust development organic growth pipeline which includes the development ready Eva Copper Project in Queensland Australia Based on the 2020 Feasibility Study Eva Copper is expected to add approximately 106 million pounds of copper equivalent per year on average over its 15 year mine life.
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