Green light for $300m Ravenswood gold mine sale
A $300 million sale deal for Ravenswood gold operations is going ahead, with the new owners committed to an expansion project at the North Queensland mine. . .
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A $300 million sale deal for Ravenswood gold operations is going ahead, with the new owners committed to an expansion project at the North Queensland mine. . .
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Resolute Mining has confirmed it is in advanced negotiations to sell its Ravenswood gold operations to EMR Capital for up to $300 million. . .
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Resolute Mining's plans to expand its Ravenswood gold operations have received a boost, with the State granting nine key mining leases.
The new leases include areas within the operational footprint of the proposed Buck Reef West open pit and nearby land required for infrastructure including roads, water management and noise bunding.
The company has pre-funded and commenced refurbishing and relocating the historic Ravenswood State School to make way for the $150 million expansion project.
The project has the potential to extend the life of the Ravenswood gold operation, 150km south-west of Townsville, by at least 14 years. . .
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