Fiji's mining sector has potential for further development.
Read more in an article taken from the Fiji Times, Saturday, 11 August 2007, below.
"Probert highlights mining potential, Saturday, August 11, 2007
Fiji has the potential to further develop its mining sector, says Fiji Employers Federation official, Harvie Probert.
Mr Probert, who is chairman of the federation's mining and quarrying council, was speaking after a meeting of the combined councils of the FEF in Suva this week.
He said there was a lack of appreciation of the mining industry and its contribution to the economy.
He said two leases were issued for gold mining in Fiji one for Asia Pacific Resources and the other to Emperor Gold Mines in Vatukoula.
Mr Probert also highlighted Australian company Newcrest Mining Ltd's deal last month to take a majority stake in the Namosi gold mine.
Newcrest executive officer corporate, Daryl Corp said the company decided to enter into the project because the Namosi tenement was a highly prospective large copper-gold porphyry mineralised system to which Newcrest's deep drilling and exploration expertise would be applied.
"The immediate work program for Namosi will include concept level studies centered on previously identified mineralisation at Waisoi as well as testing possible depth extensions of the Waisoi mineralisation," said Mr Corp.
"Initial emphasis of the regional exploration activities will focus on the more than 15 significant copper and gold prospects already identified during reconnaissance level exploration within the broader Namosi tenement."
Meanwhile, Interim Mineral Resources Minister Tevita Vuibau said the interim Government would consider other companies interested in operating the Vatukoula gold mine.
Mr Vuibau said the interim Government was still in talks with Australian company Westech over the terms of a package to finalise the company's purchase of the Vatukoula mine.
The interim Government is calling for expressions of interest to operate the mine."
Showing posts with label Vatukoula Gold Mine. Show all posts
Showing posts with label Vatukoula Gold Mine. Show all posts
Saturday, August 11, 2007
Sunday, August 5, 2007
Expressions of Interest sought for operating Vatukoula Gold Mine
Government is seeking Expressions of Interest from companies to operate the Vatukoula gold mine.
Vatukoula ranks among the world's longest producing gold mines and hosts a JORC compliant, world-class gold resource in excess of 5 million ounces.
The mine will appeal to middle to top tier companies seeking maximum exposure to the prevailing gold prices and an immediate expansion of its resource base.
Gold at Vatukoula is largely refractory and is associated with telluride minerals, accessory base metal sulphides and native silver. Free gold occurrences are limited.
The mine is linked by tar sealed road to Tavua town and all the way to Nadi International Airport.
Site facilities include a fleet of TORO LHDs, trackless jumbos, crushing, grinding, flotation, roaster and CIP circuits, two trailing dams, ancillary vehicles, an assay laboratory, stores, offices, a tennis club, golf course, an airstrip and staff housing.
In late 2005, the Vatukoula gold mine had prepared a schedule of capital and cash costs for ten years to 2015. Bulk of the capex was related to mining with development capex set at F$67 million out of a total of F$101 million.
The average cash cost was estimated at F$580/oz, against F$958/oz as the world spot price average.
For more details and technical issues, pls call The Director of Mines, Department of Lands and Mineral Resources, Private Mail Bag, Suva, Fiji on telephone (679) 3381611 extension 499.
Expressions of Interest are to be sent to The Director of Mines at the above mentioned address and will close on Friday, 31 August 2007, 4pm.
Vatukoula ranks among the world's longest producing gold mines and hosts a JORC compliant, world-class gold resource in excess of 5 million ounces.
The mine will appeal to middle to top tier companies seeking maximum exposure to the prevailing gold prices and an immediate expansion of its resource base.
Gold at Vatukoula is largely refractory and is associated with telluride minerals, accessory base metal sulphides and native silver. Free gold occurrences are limited.
The mine is linked by tar sealed road to Tavua town and all the way to Nadi International Airport.
Site facilities include a fleet of TORO LHDs, trackless jumbos, crushing, grinding, flotation, roaster and CIP circuits, two trailing dams, ancillary vehicles, an assay laboratory, stores, offices, a tennis club, golf course, an airstrip and staff housing.
In late 2005, the Vatukoula gold mine had prepared a schedule of capital and cash costs for ten years to 2015. Bulk of the capex was related to mining with development capex set at F$67 million out of a total of F$101 million.
The average cash cost was estimated at F$580/oz, against F$958/oz as the world spot price average.
For more details and technical issues, pls call The Director of Mines, Department of Lands and Mineral Resources, Private Mail Bag, Suva, Fiji on telephone (679) 3381611 extension 499.
Expressions of Interest are to be sent to The Director of Mines at the above mentioned address and will close on Friday, 31 August 2007, 4pm.
Tuesday, March 13, 2007
Vatukoula Gold Mine to be sold to an Australian company
The Vatukoula Gold Mine will be sold by Emperor Gold Mining Company Limited to an Australian company, Westac. Government and the two companies are in the process of finalising an agreement for the sale. It was reported earlier that the mine will be sold for a sum between F$16 million and F$20 million.
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