The Coyote Gold Mine is a gold mine located in the remote Tanami Desert of the Kimberley Region of Western Australia. Mines, processing plants and camps are 17 km west of the Northern Territory border. Mine closes in 2013 and is placed on maintenance and maintenance.
The coyote is located on the land of the Tjurabalan, the traditional owner of the area. Tanami and Tjurabalan people signed an original land ownership agreement in 2005 to obtain a mine lease license. It also includes a commitment to employ a number of Tjurabalan people.
Video Coyote Gold Mine
Histori
Serious exploration of resources, especially gold, was undertaken in the region from early 2000 by a number of companies, notably AngloGold, Newmont, Tanami Gold and Otter Gold Mines Limited. Some areas of the Coyote mine are part of the lease exploration owned by AngloGold.
Tanami Gold acquired a plot in November 2003 from AngloGold worth A $ 14 million in cash and stock. AngloGold, in turn, acquired it when it acquired Acacia Resources in January 2000.
The mine was opened on May 24, 2006 by Australian Governor General Michael Jeffery, after a 12-year planning phase. Originally having a production target of 60,000 ounces per year.
In October 2006, Tanami had to temporarily stop mining to cut costs because its processing facilities had difficulty in implementation. At the end of 2006, Tanami was in talks with Monarch Gold Mining in connection with the merger, but the talks were later canceled amid fears that the Coyote maintenance plant would require further investment.
In January 2007, Coyote Pit 2 was flooded in a big rain show. Mining continued in Pit 1 in April 2007.
With the financial crisis of 2008, Tanami had to borrow $ 7.7 million to continue his mining operations at Coyote.
In 2008-09, the ore was mined in Coyote Open Pit 1 and 2 as well as the underground operation of Gonzales lode. After the Coyote hole will be exhausted, which is scheduled for September 2009, the other two open holes will be mined, Kookaburra and Sandpiper holes.
On 23 April 2013, The West Australian reported the Coyote project was one of the highest cost manufacturers in the State, pouring gold at a base cost of $ 1220/oz. The mine went to care and maintenance immediately after it deprived 150 employees.
Maps Coyote Gold Mine
Production
Mining Production:
Source
- The Australian Mines Handbook: 2003-2004 Edition , Louthean Media Pty Ltd, Editor: Ross Louthean
- Mineral and Petroleum Statistics of Western Australia Digest 2008 Page 34: Major Mineral and Oil Producers - Gold
References
External links
- The Tanami Gold website
- The official opening speech of the Governor General
Source of the article : Wikipedia
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