Gold Fields warns of profit plunge after production decline
The miner said the drop in production was due to challenging ground conditions at South Deep mine.
The revival of Victoria’s gold sector, coupled with emerging opportunities in other base metals, mineral sands, geothermal energy, and some of Australia’s most likely locations for underground carbon storage, will all be on the agenda at the 2009 Paydirt Resources Victoria Conference. Since 2008, Victoria’s minerals industry has been bolstered by a variety of legislative and incentive-driven advances – most notably the passage in February of the 2009 Resource Industries Legislation Amendment Act, which from next year will begin to reduce regulatory burdens on mining and exploration ventures across the State. Victoria’s Department of Primary Industries has gone on the front foot in attracting greater mineral exploration through its ‘Rediscover Victoria’ initiative, which has committed an initial A$5 million to support drilling programs and other exploration work in new or previously unexplored parts of the State. (more…)
