ESG

Resolute granted critical leases

Queensland govt grants nine new leases to Resolute, which will support Ravenswood's expansion

Staff reporter
 Resolute's Ravenswood mine

Resolute's Ravenswood mine

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.

Queensland mines minister Dr Anthony Lynham said the new leases acknowledged Resolute's contribution to the Ravenswood community.

"For Resolute, it means they can continue operations smoothly as one mine reaches the end of its lifecycle and another begins," he said.

"For the 280-strong workforce, it means another 13 years of employment, as well as an additional 100 construction jobs for the new mine."

Resolute is conducting a strategic review into the project and expansion, which managing director John Welborn said would now be able to incorporate expanded production rates.

He confirmed an investment decision would be made in the second half of 2019.

"Ravenswood's future is increasingly secure as a successful large-scale, long-life open pit gold mine that will provide local employment, regional economic stimulus, community benefits, revenue for the state government, and benefits for Resolute shareholders," Welborn said.

Underground mining at Mt Wright will continue until late 2019.

The open pit expansion was granted prescribed project status in late 2016, allowing the independent coordinator-general to help Resolute navigate government approvals and cut red tape.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.