Warrawoona gold mine enters care and maintenance
KordaMentha, acting as receivers and managers for Calidus Resources, has announced plans to place the Warrawoona gold mine, near Marble Bar in Western Australia, on care and maintenance over the next three weeks.
In parallel to the care-and-maintenance plan, a dual-track recapitalisation and sale process will be undertaken for Calidus, which also owns the Nullagine gold, Pirra lithium and Haoma Mining joint venture projects.
The Nullagine project, owned and operated by entities in the Calidus group under administration by FTI Consulting, is also under scrutiny. The administrators have previously indicated a need to assess options, including potential sales or recapitalisation initiatives.
Previously, Calidus outlined plans to finalise a study aimed at restarting production at Nullagine by early 2025.
The Warrawoona mine produced 15 118 oz in the March quarter, up from 11 980 oz in the December quarter.
Meanwhile, contractor Macmahon said it was in discussions with KordaMentha about the ongoing services required at Warrawoona and the impact to its team.
"Our people are our most valued asset and Macmahon will work with its team at Warrawoona to find suitable opportunities across the business," the company said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation