Northparkes Mines extended until 2032

July 24, 2014

There is good news this week for jobs and economic activity in the state’s Central West with confirmation that the majority CMOC owned Northparkes Mines has been given the green light to continue operations until at least 2032.  

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Pictured: Northparkes Mines, in NSW Central West
 
“This key milestone represents a significant boost to CMOC as a new investor in NSW. It reinvigorates our confidence to consider other development and investment opportunities in the state,” said Kalidas Madhavpeddi, Overseas CEO, CMOC. 

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Pictured: Robert Cunningham, One of the 310 employees at Northparkes
 
Northparkes Mines is a copper and gold mine located 27 kilometres north west of the town of Parkes and has been operating for two decades. It now boasts around 310 full time employees and around 250 contractors work at the mine each year, which will increase during the next construction phase and helps contribute to economic activity for up to 275 businesses supplying our mines in the Parkes and Forbes local government areas.  
 
The Northparkes Mine Life extension project, adding seven years of operations to existing approvals, has been assessed and approved by the NSW Government and the Federal Government. This is a positive step forward for Northparkes Mines, which has strong support in the local community.
 
Parkes Shire Mayor, Cr Ken Keith, has praised the contribution made by the mine and its staff over the past two decades.
 
“Mining is an important economic pillar in the Parkes economy. This approval means that the mine life for Northparkes Mines has been extended until 2032 and the approval will also enable construction to begin on a new tailings storage facility,” he said.
 
“Over the past 20 years Northparkes has been a wonderful corporate citizen. The mine provides a Community Grants program, sponsorships of local events such as the Elvis Festival Street parade and GP Cup, as well as funding Council partnership positions. Northparkes Mines staff also volunteer their time on projects within the Shire such as the revitalisation of Memorial Hill. I am very pleased that this announcement will allow our strong relationship to continue."
 
During the construction of the Tailings Storage Facility there will be more contractors onsite at Northparkes Mines, which will be a boost for local businesses. Beyond the construction phase, the extension will mean Northparkes Mines continues to operate at a similar size, providing jobs and economic prosperity for the region.

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Pictured: Northparkes Managing Director, Stefanie Loader
 
Northparkes Mines Managing Director Stefanie Loader thanked the local community and the mine’s staff.
 
“Thank you to everyone across Northparkes Mines who has been involved in this project and who worked so hard to secure this important approval. Thanks also goes out to our community for their continued support, especially the Parkes and Forbes Shire Councils. Construction can now begin on the Rosedale Tailings Storage Facility, which will enable us to continue mining beyond 2016.”
 
This key milestone has been achieved seven months into NSW Minerals Council member China Molybdenum Company Limited’s (CMOC) 80% investment in Northparkes Mines. 

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