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The Boddington Gold Mine (BGM) in full operation will be the biggest in Australia, delivering gold and copper for its joint venture owners, wealth for the State and region and employment opportunities for many hundreds of people. The $2.4 billion project, 130km south east of Perth, is jointly-owned by Newmont Australia Limited (66.67%) and AngloGold Ashanti (33.33%). Built on the footprint of the original Boddington Gold Mine, the operation involves open cut mining from two large pits and is expected to produce an average 850,000 ounces of gold and 30,000 tonne of copper a year for more than 20 years. Production is due to commence in late 2008 early 2009 under the management of the Boddington Gold Mine Management Company, a 100 percent Newmont-owned company. KEY FACTS Ownership: Newmont Mining Corporation 66.7%, AngloGold Ashanti Ltd 33.3%. Expansion Project: The expansion will mine the hard gold/copper ore that lies beneath depleted oxide pits at Boddington. First Production: Production is due to commence late 2008, early 2009. Processing Rate: Average approximately 35 Mt/a. Mining Rate: Average approximately 80 Mt/a. Annual Production: Gold - First 5 years average of approximately 1 million ounces/year. LOM average approximately 850,000 ounces/year. Copper - LOM average of approximately 30,000 tonnes/year. Total Gold Reserves: More than 15 million ounces. Mine Life: Greater than 15 years with potential to extend. Initial Capital Expenditure: Total $ 2.4 to $2.7 billion. Employment: Peak of approximately 2,000 during construction. Approximately 650 permanent workforce. Economic Impact: At construction, an estimated $39 million/year to the Peel economy and $410 million/year to the Western Australian economy. During operation, an estimated $550 million/year to the Peel economy and $770 million/year to Western Australia. |
