Marvel Loch Gold Mine

Marvel Loch
Location
Marvel Loch Gold Mine is located in Western Australia
Marvel Loch Gold Mine
Marvel Loch Gold Mine
Location in Western Australia
LocationMarvel Loch
StateWestern Australia
CountryAustralia
Coordinates31°28′10″S 119°29′49″E / 31.46944°S 119.49694°E / -31.46944; 119.49694
Production
Productionundisclosed
Financial year2022
History
Active–2012
2014–present
Owner
CompanyBarto Gold Mining (owner)
Minjar Gold (operator)
Websitewww.minjargold.com.au
Year of acquisition2013
Map

The Marvel Loch Gold Mine is a gold mine located at Marvel Loch, 30 km (19 mi) south of Southern Cross, Western Australia.

It is operated by St Barbara Limited.[1] Apart from Marvel Loch, St Barbara also operated the Gwalia Gold Mine at Leonora and owned the Tarmoola Gold Mine, which was placed in care and maintenance.[2][3]

All three mines were previously owned by the now defunct mining company Sons of Gwalia Limited.[4] Sons of Gwalia went into administration on 30 August 2004 and the company's gold mining operations were sold to St Barbara in March 2005 for A$38 million, having been valued by the Sons of Gwalia directors at A$120 million. While Marvel Loch was operational before and after the sale, the Gwalia mine was already placed in care and maintenance at the time of the transaction. A fourth mine, the Carosue Dam Gold Mine, ceased operation in June 2005 and was sold by St Barbara.[5][6][7]

The mine is owned by Barto Gold Mining but operated by Minjar Gold.

History

Sons of Gwalia logo

Mining in the area around Marvel Loch dates back to the early 1900s and between 1905 and 1986, 3,860 kilograms (136,300 oz) of gold were recorded as having been mined.[8]

From 1979 to 1987, the mine was operated as a joint venture between Kia Ora Gold Corporation NL and Western United Limited, after which it was sold to Mawson Pacific Limited. Mawson Pacific subsequently sold the mine to Reynolds Australia Gold Operations Ltd, a wholly owned subsidiary of Reynolds US Metals. During its period of ownership Reynolds acquired the Southern Cross Mill and adjacent tenements including the Transvaal Underground Mine and the Cornishman Open Pit (a 50/50 joint venture with Troy Resources NL) located approximately 25 km (16 mi) north of Marvel Loch. On 1 April 2005 the Marvel Loch Mine together with the Southern Cross Mill and adjacent mines was sold to Sons of Gwalia for $23m. During 1995 and 1996 Sons of Gwalia acquired Orion Gold NL and Gasgoyne Gold Mines NL whom together owned the Yilgarn Star Joint Venture approximately 16 km (9.9 mi) south of Marvel Loch. The Yilgarn Star Joint Venture operated the Yilgarn Star Open Pit and Underground mine and mill as well as the Nevoria Gold Mine.

Sons of Gwalia mined the Marvel Loch deposit as a surface mine for the most part of the mine's history since reopening in the 1990s, upgrading its production facility in 2001.[8] In February 2001, the company announced it consolidated its Southern Cross operations, acquiring the remaining 30% of the Yilgarn Star Gold Mine it didn't own and merging the operation with Marvel Loch, closing the Yilgarn Star mill. It also acquired other interests in the region in this transaction.[9][10] Since then, production from Yilgarn has been listed under Marvel Loch.[11]

After a rapid rise of the company, unauthorised gold and foreign exchange trading activities by chief financial officer Eardley Ross-Adjie in the year to June 2000, ended up costing Sons of Gwalia more than A$190 million.[12] Sons of Gwalia went into administration on 30 August 2004, following a financial collapse, with debts exceeding $800 million after suffering from falling gold reserves and hedging losses.[13] Sons of Gwalia was Australia's third-largest gold producer and also controlled more than half the world's production of tantalum.[14]

St Barbara purchased the mine from insolvent Sons of Gwalia in March 2005.[15]

Since the purchase of the Mine by St Barbara, mining has been carried out both in surface and underground operations. In July 2009, St Barbara suspended open pit mining at Marvel Loch and decided that the treatment plant would be operated on a week-on, week-off basis.[16]

After placing the mine in care and maintenance in late 2012, St Barbara sold the mine for A$22.5 million in cash to Chinese company Hanking Gold Mining in January 2013.[17] Hanking Gold eventually reopened the mine, commencing mining in August 2014 and pouring first gold in early 2015.[18]

Barto Gold Mining and the mine are owned by Shandong Tianye Group Bid Co Pty Ltd, which purchased Hanking Gold Mining for A$330 million in early 2017.[19][20] The mine is operated by Minjar Gold.[21]

Production

Production of the mine (including Yilgarn Star since June 2001):

Yilgarn Star

Quarter Production Grade Cost per ounce
1997-98[10] 88,417 ounces
2000[11] 103,122 ounces 4.43 g/t A$384
2001 1 .[11] 23,511 ounces 3.76 g/t A$491
  • 2 January to June 2002 only.

Marvel Loch

Quarter Production Grade Cost per ounce
1997-98[10] 90,008 ounces
2000[8] 138,491 ounces 2.48 g/t A$416
2001[8] 176,026 ounces 2.89 g/t A$419
2002[8] 176,756 ounces 2.49 g/t A$480
2002-03[22] 217,019 ounces A$454
2003-04[23] 182,891 ounces A$452
2005[24] 1 53,719 ounces 2.94 g/t A$336
2005–06[25] 166,000 ounces 2.4 g/t A$443
2006–07[26] 171,182 ounces 2,6 g/t A$508
2007–08[27] 157,477 ounces 2.5 g/t A$550
2008–09[28] 156,105 ounces 2.5 g/t A$888
2009–10
2010–11
2011–12
2012–13
2012–2014 in care and maintenance
2015[20] 58,887 ounces
2016[20] 121,456 ounces
January–March 2017[20] 26,917 ounces
March–December 2017
2018
2019
2020
2021
2022
  • 1 2005 results for 28 March to 30 June only.

References

  1. ^ St Barbara website - Southern Cross Archived 15 May 2013 at the Wayback Machine accessed: 3 September 2009
  2. ^ St Barbara website - Leonora accessed: 3 September 2009
  3. ^ St Barbara website - Operations overview Archived 3 April 2018 at the Wayback Machine accessed: 3 September 2009
  4. ^ The Australian Mines Handbook: 2003-2004 Edition, page 520
  5. ^ Sons of Gwalia Limited at delisted.com.au accessed: 3 September 2009
  6. ^ St Barbara Mines Limited - Lodgment of Open Briefing published: 28 June 2005, accessed: 3 September 2009
  7. ^ The West Australian, published 16 March 2005, accessed: 3 September 2009
  8. ^ a b c d e The Australian Mines Handbook: 2003-2004 Edition, page 107
  9. ^ Rationalisation of Southern Cross Region of WA SGW ASX announcement, published: 7 February 2001, accessed: 8 February 2010
  10. ^ a b c Media Release: Highlights from Quarterly Report 30-6-98 SGW ASX announcement, published: 17 July 1998, accessed: 8 February 2010
  11. ^ a b c The Australian Mines Handbook: 2003-2004 Edition, page 137
  12. ^ How sons of Lalor built, then sank, Sons of Gwalia The Sydney Morning Herald, accessed: 4 September 2009
  13. ^ Ernst &Young agrees to $125m Sons of Gwalia settlement Archived 5 February 2011 at the Wayback Machine The West Australian, published: 4 September 2009, accessed: 4 September 2009
  14. ^ Sons of Gwalia's gold hedging had big holes The Sydney Morning Herald, published: 4 September 2004, accessed: 4 September 2009
  15. ^ St Barbara Mines Limited - Lodgement of Open Briefing published: 28 June 2005, accessed: 3 September 2009
  16. ^ St Barbara suspends WA gold mine Metalsplace.com, published: 10 July 2009, accessed: 3 September 2009
  17. ^ "St Barbara sells Southern Cross mine". The West Australian. Perth. 9 January 2013. Retrieved 26 April 2022.
  18. ^ Bamford, Jasmine (26 February 2015). "Hanking to pour first gold from Marvel Loch". The West Australian. Perth. Retrieved 26 April 2022.
  19. ^ Chiat, Josh (16 February 2017). "Southern Cross Gold Operations sold for $330m". The West Australian. Perth. Retrieved 26 April 2022.
  20. ^ a b c d "CHINA HANKING HOLDINGS LIMITED Annual Report 2017" (PDF). minedocs.com. CHINA HANKING HOLDINGS LIMITED. Retrieved 26 April 2022.
  21. ^ "Southern Cross Operation". www.minjargold.com.au. Minjar Gold. Retrieved 26 April 2022.
  22. ^ Sons of Gwalia annual report 2003 accessed: 12 January 2010
  23. ^ Sons of Gwalia fourth quarter report 2004 accessed: 12 January 2010
  24. ^ 2005 Annual report Archived 13 October 2009 at the Wayback Machine accessed: 3 September 2009
  25. ^ 2006 Annual report Archived 13 October 2009 at the Wayback Machine accessed: 3 September 2009
  26. ^ 2007 Annual report Archived 13 March 2018 at the Wayback Machine accessed: 3 September 2009
  27. ^ 2008 Annual report Archived 13 March 2018 at the Wayback Machine accessed: 3 September 2009
  28. ^ June 2009 quarterly report Archived 3 March 2016 at the Wayback Machine accessed: 3 September 2009

Bibliography

  • Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.

Read other articles:

Josh O'Connor

Josh O'ConnorO'Connor at the 2015 Odessa International Film FestivalLahir20 Mei 1990 (umur 33)Cheltenham, InggrisAlmamaterBristol Old Vic Theatre SchoolPekerjaanAktorTahun aktif2012–sekarang Josh O'Connor (lahir 20 Mei 1990) adalah aktor asal Britania Raya. Ia paling dikenal karena perannya sebagai Johnny Saxby pada film tahun 2017 God's Own Country, disutradarai oleh Francis Lee, dimana ia memenangkan penghargaan British Independent Film Award for Best Actor.[1] Filmogra...

 

penyanyi

Empat orang wanita hamil yang sedang menyanyi. Penyanyi, pelagu, pelantun, pembawa lagu, penembang, biduan, atau biduanita (untuk perempuan) adalah seseorang yang membawakan sebuah lagu dengan cara mengeluarkan nada melodis melalui suara dari mulutnya baik dengan iringan musik maupun tidak. Penyanyi dapat berprofesi sebagai penampil tunggal (solis), maupun tergabung dalam grup, seperti paduan suara, ensembel, orkestra, akapela. Penyanyi yang tergabung dengan grup musik populer atau band lebih...

 

Таблица Снеллена

В статье не хватает ссылок на источники (см. рекомендации по поиску). Информация должна быть проверяема, иначе она может быть удалена. Вы можете отредактировать статью, добавив ссылки на авторитетные источники в виде сносок. (19 октября 2016) Типичная схема Снеллена оценки ос...

Bronchitis

Inflammation of the large airways in the lungs Not to be confused with Bronchiolitis. Medical conditionBronchitisFigure A shows the location of the lungs and bronchial tubes. Figure B is an enlarged view of a normal bronchial tube. Figure C is an enlarged view of a bronchial tube with bronchitis.Pronunciation/brɒŋˈkaɪtɪs/ SpecialtyInfectious disease, pulmonologySymptomsCoughing up mucus, wheezing, shortness of breath, chest discomfort[1]TypesAcute, chronic[1]Frequenc...

 

A. T. Averill House

Historic building in Cedar Rapids, Iowa, United States United States historic placeA. T. Averill HouseU.S. National Register of Historic Places Show map of IowaShow map of the United StatesLocation1120 2nd Ave., SECedar Rapids, IowaCoordinates41°59′2.9″N 91°39′26.8″W / 41.984139°N 91.657444°W / 41.984139; -91.657444Arealess than one acreBuilt1886ArchitectSidney SmithW.A. FulkersonArchitectural styleLate VictorianNRHP reference No.78001236[...

 

Frank van der Struijk

Artikel ini sebatang kara, artinya tidak ada artikel lain yang memiliki pranala balik ke halaman ini.Bantulah menambah pranala ke artikel ini dari artikel yang berhubungan atau coba peralatan pencari pranala.Tag ini diberikan pada November 2022. Frank van der Struijk Informasi pribadiTanggal lahir 28 Maret 1985 (umur 39)Tempat lahir Boxtel, BelandaTinggi 1,81 m (5 ft 11+1⁄2 in)Posisi bermain BekInformasi klubKlub saat ini VitesseNomor 6Karier junior LSV Lennisheuvel ...

CoRoT

Pour les articles homonymes, voir Corot. CoRoTTélescope spatial Le télescope CoRoT en cours d'assemblage.Données générales Organisation France (CNES - 70 % du financement), ESA, Allemagne, Espagne, Autriche, Belgique, Brésil[1] Constructeur Alcatel Alenia Space Domaine Analyse de la sismologie stellaireRecherche d'exoplanètesProgrammes complémentaires[2] Type de mission Télescope spatial Statut Mission terminée Autres noms Convection, Rotation et Transits planétaires Lancemen...

 

趙家驤

追晉陸軍二級上將趙家驤將軍个人资料出生1910年 大清河南省衛輝府汲縣逝世1958年8月23日(1958歲—08—23)（47—48歲） † 中華民國福建省金門縣国籍 中華民國政党 中國國民黨获奖 青天白日勳章（追贈）军事背景效忠 中華民國服役 國民革命軍 中華民國陸軍服役时间1924年－1958年军衔 二級上將 （追晉）部队四十七師指挥東北剿匪總司令部參謀長陸軍�...

 

Fleet Air Arm

Aviation arm of the Royal Navy For the division of the Royal Australian Navy, see Fleet Air Arm (RAN). Fleet Air ArmFounded1914 (As the Royal Naval Air Service)1924 (as the naval branch of the Royal Air Force) 1937 (as part of Naval Service)Country United KingdomBranch Royal NavySize5,000 personnelc. 160 aircraft[1]Part ofNaval ServiceEngagementsSecond World WarKorean WarOperation Musketeer (Suez Crisis)Falklands WarGulf War BosniaAfghanistan WarIraq WarWebsitewww.roya...

Campionato mondiale di hockey su ghiaccio Under-20 2008

Campionato mondiale di hockey su ghiaccio Under-20 2008Mistrovství světa juniorů v ledním hokeji 2008 Competizione Campionato mondiale di hockey su ghiaccio Under-20 Sport Hockey su ghiaccio Edizione XXXII Organizzatore IIHF Date 26 dicembre 2007 - 5 gennaio 2008 Luogo  Rep. Ceca(2 città) Partecipanti 10 Impianto/i 2 stadi Risultati Vincitore Canada(14º titolo) Secondo Svezia Terzo Russia Quarto Stati Uniti Statistiche Miglior giocatore Steve Mason Miglior marcatore Jame...

 

Heinkel He 49

Prototype fighter aircraft series He 49 The He 49bW floatplane Role FighterType of aircraft Manufacturer Heinkel Designer Günter brothers First flight November 1932 Primary user Luftwaffe Number built 4 Variants Heinkel He 51 The Heinkel He 49 was a German single-bay, single-seat biplane of mixed construction armed with two machine guns. Four variants were made, the He 49a, He 49b, He 49c and He 49d.[1] Variants Data from:[2] HD 49 original Heinkel designation for the He...

 

Making Love in the Rain

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Making Love in the Rain – news · newspapers · books · scholar · JSTOR (April 2021) (Learn how and when to remove this message) 1987 single by Herb Alpert with vocals by Lisa Keith and Janet JacksonMaking Love in the RainSingle by Herb Alpert with vocals by Lisa...

غطاء الرأس في المسيحية

الأم تريزا بغطاء رأس يتم تصوير مريم العذراء في الأعمال المسيحية بغطاء رأس نساء من الأميش في لباسها التقليدي. يُفرض على الراهبات تغطية الرأس. غطاء الرأس في المسيحية تتنوع تقاليد غطاء الرأس أو الحجاب من الرأس الذي تضعه النساء في التقاليد المسيحية. إذ تقوم بعض النساء بلبسه تأ�...

 

Special Forces Command (Turkey)

Turkish special forces group Special Forces CommandTurkish: Özel Kuvvetler KomutanlığıBadge of the Special Forces CommandActive1992–present[1]Country TurkeyBranchGeneral StaffTypeSpecial forcesRoleUnconventional warfareSizeCorpsGarrison/HQAnkaraNickname(s)Maroon BeretsBordo BerelilerMotto(s)The difficult we do immediately. The impossible takes a little longer.[2]Beret  Maroon (claret red)MarchAlay Marşı (Regiment March)EngagementsKurdish–Turkish conflict (1...

 

User talk:GoodDay

This editor is a WikiGnome. This user is a participant inWikiProject Ice Hockey. Beware! This user's talk page is monitored by talk page watchers. Some of them even talk back. Hello to all fellow Wikipedians. GoodDay 22:40, 17 November 2005 (UTC).[reply] This user has been on Wikipedia for 18 years, 6 months and 16 days. You may be wondering why my archives only start at August 2007. The reason: I didn't archive my pages before that date, I merely deleted them (as I didn't know how to arc...

The Grapes of Wrath

1939 novel by John Steinbeck This article is about the novel. For other uses, see Grapes of Wrath (disambiguation). The Grapes of Wrath First edition coverAuthorJohn SteinbeckCover artistElmer HaderLanguageEnglishGenreNovelPublisherThe Viking Press-James LloydPublication dateApril 14, 1939[1]Publication placeUnited StatesPages464OCLC289946Dewey Decimal813.52 The Grapes of Wrath is an American realist novel written by John Steinbeck and published in 1939.[2] The book won t...

 

Ljubivoje Ršumović

Serbian poet and writer You can help expand this article with text translated from the corresponding article in Serbian. (September 2019) Click [show] for important translation instructions. View a machine-translated version of the Serbian article. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated ...

 

First Day Out (Kodak Black song)

Song by rapper Kodak Black First Day OutSingle by Kodak BlackReleasedJune 16, 2017 (2017-06-16)Length3:00LabelAtlanticWEASongwriter(s)Derek Garcia * Dieuson Octave[1]Producer(s)DyrykKodak Black singles chronology ISpy (Remix) (2017) First Day Out (2017) Pills & Automobiles (2017) Music videoFirst Day Out on YouTube First Day Out is a song recorded by American rapper Kodak Black. Produced by Dyryk, the song was his third non-album single and ninth career single. Back...

Ryan Gosling

Canadian actor (born 1980) Ryan GoslingGosling in 2023BornRyan Thomas Gosling (1980-11-12) November 12, 1980 (age 43)London, Ontario, CanadaOccupationActorYears active1993–presentWorksFull listPartnerEva Mendes (2011–present)Children2AwardsFull list Ryan Thomas Gosling (/ˈɡɒslɪŋ/ GOSS-ling;[1] born November 12, 1980) is a Canadian actor. Prominent in both independent films and major studio features, his films have grossed over $2 billion worldwide. Gosling has recei...

 

Cotignola

Questa voce o sezione sull'argomento centri abitati dell'Emilia-Romagna non cita le fonti necessarie o quelle presenti sono insufficienti. Puoi migliorare questa voce aggiungendo citazioni da fonti attendibili secondo le linee guida sull'uso delle fonti. Cotignolacomune Cotignola – Veduta LocalizzazioneStato Italia Regione Emilia-Romagna Provincia Ravenna AmministrazioneSindacoFederico Settembrini (PD) dal 10-06-2024 TerritorioCoordinate44°23′N 11°56′E44...