Jobs boost for sector as plans to reopen mine approved
January 4th, 2018
A silver, lead and zinc mine that has been dormant for almost a decade in far-west NSW has been given the green light to reopen by the State Government.
Mining company Perilya will create 140 new jobs to reach deeper deposits at the North Mine in Broken Hill, which was mostly closed in the early 1990s and last operated in 2008.
General manager Bruce Byrne said the North Mine was expected to be online and producing ore in early 2018.
“The North Mine has a mine operating plan that takes it out to 2032,” Mr Byrne said.
It was expected to generate as much as $5.8 million per year of royalties to the state of NSW for up to 25 years.
“We’re going to have to develop at very high rates to get to the lower part of the ore body before it will really generate funds,” Mr Byrne said.
“With metal prices where they are we’ve had the opportunity to reinvest and set up the North Mine and that’s where a lot of our profits will go now. Read more…