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Wednesday, 24th January 2007 (2253 views)

Beaconsfield Gold is to boost the number if employees working at its gold mine in Tasmania before the site reopens in March.

Previous to last year's incident at the mine which led to its closure, there were 130 workers at the site. However, due to voluntary and other retrenchments this number now stands at between 70 and 80.

But the company's chief executive Bill Colvin has confirmed that Beaconsfield will "certainly look to increase that number as the mine moves to production".

"We'll be getting back to roughly the same level as we had previously," Mr Colvin stated.

And he said safety levels would be "equal to or better than any other mine around" so employees can be sure that the Tasmanian mine is a safe place for them to work.

Operations are expected to restart within the next few weeks, with the mine returning to full production of around 100,000 ounces of gold per year within three to six months of opening.

Beaconsfield plans to gain full control of the Tasmanian mine by buying the $48 million (£24.3 million) debt owed by its joint-venture partner Allstate Explorations from Macquarie Bank for $2.85 million.

 

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