Japanese integrated trading company Sumitomo and China Molybdenum Company have given a green light for the establishment of a new block cave mine at the companies’ Northparkes Mines joint venture in New South Wales, Australia.
The project called E26 Lift 1 North, that will cost $200 million over a three-and-a-half-year period, will begin this month and is anticipated to reach full production in mid-2022.
E26 Lift 1 North, which will involve 11 kilometers of underground development, is predicted to produce approximately 40 million tonnes of ore over a 10-year period at the copper-gold operation.
Northparkes Mines will hire up to 180 people, including contractors and employees at the peak of the building project.