GLOBAL uncertainty and a sustained #gold price are likely to underpin future
local production as experts up their price forecasts. Australian gold prices hit
a record $1806.50/oz last Monday before closing the week at $1703.56. Surbiton
director Sandra Close said the higher gold price was giving all producers reason
to review old operations. "The recent spike has certainly drawn attention to the
industry, but it is the sustained, longer-term, upward trend that has prompted
companies to re-evaluate older deposits and also explore for new ones," she
said. Australias largest #gold mine, Newmont Mining and Barrick Golds "super
pit" at Kalgoorlie continued to dominate production last year, producing 788,000
ounces of gold followed by Newmonts Boddington pit in WA , which produced
757,000 oz of gold and is expected to surpass the super pit. Read full article
from Russell Emmerson-Herald Sun At the upcoming Mine Managers Show West 26-27
October 2011, Margaret River, WA, Warren Uyen, Mine Manager at Barrick Gold will
be making a presentation on: 'Instilling a mine site wide behavioural safety
culture to ensure best practice' and also speaking on 'Undertaking JSA's
for Drill and Blast Operations'. Find out more Technorati Tags: Australian
gold prices , Newmont Mining , Barrick Gold , Mine Managers Show West , mining ,
Warren Uyen
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