Monday, January 11, 2010
A major new mining project has been announced in Australia.
- Superior Gold Group
Gold dealers may be interested to learn that a major Australian mining project has just taken another significant step forward in its approval process.
According to an announcement from Cadia Holdings, a subsidiary of Newcrest Mining Limited, approval has been granted for the planned Cadia East project. The $AU 2 billion project is said to be located near Orange, New South Wales.
The next step is for the plan to go before the Newcrest Board late in the first quarter of 2010, noted the company.
"The Cadia East project will be the largest underground mine in Australia and will secure our future in
the region for at least the next 20 years. It will be Newcrest’s first panel cave, building on our expertise in underground mining," said company official Tony McPaul.
McPaul went on to report that following years of preparation, the project will create about 1,300 jobs while also providing a significant economic boost in general to the region, both direct and indirect.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products & gold investment coins.
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.ADNFCR-2970-ID-19551481-ADNFCR
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