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Thursday, 26th May 2005 (4313 views)

The resources minister for the government of Victoria, Australia, has reaffirmed the importance of gold mining in the state.<br/><br/>Theo Theophanus said that the re-emerging industry in the central part of the state should not be underestimated.<br/><br/>According to the minister, the Bendigo Mining operation will alone account for five per cent of the city's total economic activity when it reaches full production.<br/><br/>Mr Theophanus also said that extensive exploration programmes are under way in Heathcote, Maldon and Tarnagulla, supported by new technology.<br/><br/>"We started off with original estimates somewhere around ten years for these mines, but it keeps expanding out to 15 and 20 years and perhaps longer," Mr Theophanus told ABC Regional.<br/><br/>"Just in the Perseverance gold mine on its own, it will be producing around about 100,000 ounces of gold from mid-2005."<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8594177"/>

 

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