Posted April 10, 2019 05:53:49The $1.5 billion Silver Mine at the base of the Mount Gambier mountain in Victoria is expected to open next year, with a projected annual revenue of $1 billion.
The mine, which will create 200 jobs and provide the state with a significant boost in uranium and copper exports, has been touted as one of the world’s most attractive uranium and coal mines.
But it’s also been beset by controversy.
“I’ve never seen a mining project come out this good,” Mr Gilligan said.
“[We are] hoping it can be a success.”
The project is expected take about two years to complete, but will cost about $900 million.
The first phase will include building an ore processing plant at the bottom of the mine and processing ore into the metals that make up gold and silver.
“The project was designed for the future, not the present, and so there is a lot of work that needs to be done,” Mr Bicknell said.
“We need to get the mine operational, and the second phase will be for the next phase.”
He said the mine would be used to extract the precious metals for export, which would create 1,000 jobs and add $500 million to the state’s GDP.
Mr Gilligan says the mining company will pay an estimated $1,000 per day for its workforce.
Topics:mining-industry,mining-rural,goldfields-4051,barrie-4059,vic,vic-2050,melbourne-3000,canberra-2600,vicFirst posted April 09, 2019 03:17:56More stories from Victoria