OceanaGold takes full control of mining at Reefton

OceanaGold is to take full control of mining at its Reefton Gold Mine from April 1, and says there will be a significant increase in mining operations at Reefton, 79km northeast of Greymouth, this year.

It was assuming mining operations from Stracon Mining, which had been operating and maintaining OceanaGold's mining equipment fleet under an agreement at the operation since mining started in 2006, OceanaGold said today.

Chief operating officer Mark Cadzow said the company believed it could unlock more value at Reefton and operate it more efficiently.

"2001 will see a significant increase in our mining operations at Reefton and the timing is right to take the mine forward on an owner miner basis," Cadzow said.

OceanaGold moved to owner mining at the Frasers Underground mine at Macraes, Otago, last July.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report