Former Mount Gordon copper mine in QLD to restart operations

Monica Gameng   |   April 20, 2017

The Capricorn copper mine in Queensland has been granted a prescribed project status by the State Government which allows the former Mount Gordon mine to reopen within the year.

According to Minister for State Development Dr Anthony Lynham, the prescribed project status will allow the coordinator-general to assist with acquiring Government approvals for the $152 million project.

The Capricorn copper mine is located 125-kilometres north of Mount Isa and the project is expected to generate approximately 300 construction and operational jobs for the region.

“Jobs and business opportunities in the north-west mineral province are a priority for this government.

"This is all about getting almost 90 construction jobs during construction and more than 200 direct operational jobs underway and available by the third quarter of 2017,” Dr Lynham said.

The former Mount Gordon mine was sold Capricorn Copper – a joint venture comprising of Brisbane-based Lighthouse Minerals and Melbourne-based EMR Capital – back in 2015 after operations were suspended in 2013 due to declining world copper prices.

The joint venture said that the Capricorn copper mine is expecting its first ore production in October 2017. Capricorn Copper also stated that they are committed to prioritising employing workers, suppliers and contractors from Mount Isa and other communities from north-west Queensland including Cloncurry.

Once the mine is re-opened, it will be able to produce up to 30,000 tonnes per annum of copper metal concentrates over an initial 10-year mine life.

Dr Lynham said that Capricorn Copper is looking to invest another $14 million for exploration over the next two years which will help identify more resources in its permit areas as well as extend the life of the mine beyond the initial 10 years.

“This is new investment in one of the world’s most valuable base metal areas, and clear evidence of the opportunities still to be had in the north-west,” Dr Lynham said.

Subscribe to the PlantMiner newsletter today to receive the latest industry news and project updates straight to your inbox.

Source: Australian Mining and Queensland Government

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Edna Beryl Gold Mine starts production in Tennant Creek Region

The final approvals have been secured by Emmerson Resources, with project partner Evolution Mining, from the Northern Territory Government to launch production at the Edna Beryl gold operation in the Tennant Creek area.

$167m Ravenswood mine expansion in QLD given the green light

Resolute Mining Ltd’s $167 million mine expansion project has been given the green light at the historic gold town of Ravenswood, which will bring a rush of jobs to North Queensland. The project will be extending the life of the mine as well as ensure the continuation of 280 existing jobs.

New lithium mine in NT expected to create hundreds of local jobs

The Northern Territory is set to have its first lithium mine development, with the State Government granting the Mineral Lease to Core Lithium Ltd - under Lithium Developments (Grant NT) Pty Ltd - for the Finniss Lithium Project.

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders