Jobs gold mine for the central west

Published 21st March, 2014 in Economy

Minister for Resources and Energy Anthony Roberts and Member for Dubbo Troy Grant have opened the Tomingley Gold Mine near Dubbo, providing a significant boost for local employment and benefits for the Narromine Shire.

Minister at mine

The Tomingley Gold Mine, located 50 kilometres southwest of Dubbo, is a medium-sized open cut and underground gold mine, developed by Alkane Resources Ltd.

Mr Roberts said the project is a strong investment for the local economy.

“Just over a year after construction began, gold production is now underway,” Mr Roberts said.

“Alkane Resources Ltd has spent approximately $120 million to bring the mine into production.

“It will provide ongoing employment for 138 people and is expected to generate 300 indirect jobs, while 85 per cent of workers on site will be locals.

“The mine is expected to produce $70 million worth of gold a year, or 800,000 ounces of gold over the mine’s life of seven and a half years.

“Total gold production from NSW in 2012/13 was around a million ounces with the value of production close to $1.5 billion.

“NSW is the second largest gold producer in the country, behind Western Australia, accounting for around 12% of Australian production.

“Last financial year the NSW Government received $1.3 billion in royalties from mining.

“Tomingley is expected to contribute nearly $3 million a year in royalties to the NSW economy, to help fund frontline services such as nurses, police and teachers.

“Alkane Resources Ltd received NSW Government assistance under the Local Infrastructure Support Program to build a near 46 kilometre water supply pipeline between Woodlands (near Narromine) and Tomingley, as well as an upgrade of local electricity infrastructure,” Mr Roberts said.

NSW Member for Dubbo Troy Grant said these upgrades will assist the region.

“The local community has benefited from these crucial upgrades because the regional networks used by the community were improved,” Mr Grant said

Published 21st March, 2014 in Economy