Field Trip – New Vale Coal Mine and Waikaia Gold Mine
Sep 7, 2014
Southland / Otago Branch propose a field trip on 27 September
Field Trip Sponsors – Blackhead Quarries, Road Metals & Transdiesel
New Vale mine (photo ex ODT)
New Vale is located 11 km southeast of Gore
The mine has been in operation since the 1940s.
Purchased by government-owned Solid Energy in 2006.
Production capacity: 310,000 tonnes/year
Opencast mining of lignite
Waikaia dredge (photo ex NZresources.com)
Founding directors – Brothers Sam and Buzz March, Warren Batt Group of other seed and cornerstone investors who invested about $15 million to get the project off the ground.
Alluvial gold operation opening in November 2013
Waikaia Gold: 20 fulltime and three casual staff.
Rosco Contracting: 15 staff.
Production rate: Estimated to be 16,000-20,000 ounces annually for seven years.