MMG finalises sale of $25million Avebury nickel mine

By Dale Benton
Minerals and Metals Group Limited (MMG) has announced that is completed a $25million sale agreement for its Avebury Nickel mine, following an extended p...

Minerals and Metals Group Limited (MMG) has announced that is completed a $25million sale agreement for its Avebury Nickel mine, following an extended period of care and maintenance.

The mine will be owned and operated by the Tasmania based privately owned exploration and mining development company Dundas Mining.

General Manager – ASEA Operations, Gus Gomes said that MMG believes this offer represents the best outcome for both MMG and the Avebury asset.

“Dundas Mining is committed to a restart of the mine and MMG is confident that the sale will reinvigorate the Zeehan area, by providing new jobs and economic benefit to the region,” Mr Gomez said.

“MMG would like to thank the Tasmania Government, West Coast Council, local community members and all other stakeholders in the region for their ongoing support throughout the sale process.”

“MMG remains committed to Tasmania and our local community through our Rosebery operation, and we will continue to make an important social and economic contribution to the State and West Coast,” Mr Gomez said.

 

Related stories:

Avebury nickel mine

The Avebury Mine, located in West Tasmania, has been in care and maintenance since 2009 and Dundas Mining will look to bring Avebury back to production “as soon as possible”.

Dundas Mining was announced as the mining operator prepared to purchase Avebury back in January this year (2017).

MMG had previously committed AUD $3million in drilling work at the mine as part of a technical review to analyse the remaining nickel potential at the mine, while monitoring the nickel market price which was the direct reasoning for placing the mine under care and maintenance.

Share

Featured Articles

Geothermal Engineering - UK’s first zero-carbon lithium

Geothermal Engineering Limited will produce enough zero-carbon lithium to supply around 250,000 electric car batteries per annum

ABB and Bridon-Bekaert Ropes collaborate on mine hoists

The two leading OEM companies join forces to develop an integrated service portfolio for ABB mine hoists as ABB seeks to expand its service portfolio

'Patriot awarded Discovery of the Year' at Xplor

Patriot Battery Metals announces that it is the recipient of the 2023 "Discovery of the Year" award from the Quebec Mineral Exploration Association (QMEA)

MML champions Sierra Leone Diaspora Investment Conference

Operations

Safety awards for Ramaco

Operations

NMG partners with Pomerleau

Operations