South Australian Minister for Energy and Mining Tom Koutsantonis has turned down Terramin Australia’s application to develop the Bird In Hand underground cash cow at Woodside.
Terramin’s proposed mine and associated mining lease applications and a various function licence have actually gone through detailed federal government assessment, consisting of an eight-week statutory public assessment.
The Department for Energy and Mining has actually recommended that Terramin’s proposed task abide by pertinent statutory responsibilities.
However, the evaluation thought about technical matters, consisting of wider state interests such as possible socio-economic and facility effects and the result on existing markets.
Based on the evaluation, it is identified that the proposed mine might have a possible long-lasting effect on surrounding businesses, that include wineries and associated local tourist.
Koutsantonis said: “Tourism to the area is a vital factor to the regional economy and, on balance, there stays a possibility this proposed short-term mine might negatively impact the recognized and considerable long-lasting farming and tourist markets of the Woodside location right away surrounding to the task locations.
“As such, I am not willing to risk these established local industries against the opportunity this short-term mine may provide, and have decided it is in the state’s interest to decline the mining lease and miscellaneous purposes licence applications by Terramin for its Bird in Hand Gold Project.”
Located in Woodside, South Australia, the initial Bird in Hand Gold Mine was mined in 1881. The property has actually been utilized as a dairy prior to being obtained by Terramin in 2015.
The company prepares to resume the goldmine to draw out the staying gold utilizing underground mining.
