Snow Peak starts mining at Baal Gammon
PERTH (miningweekly.com) – Snow Peak Mining has restarted copper operations at the Baal Gammon mine, in Queensland.
Snow Peak acquired Baal Gammon as part of a A$40-million deal with embattled Kagara, which also included the acquisition of a processing plant at Mt Garnet, and the Einasleigh and Maitland exploration projects.
Snow Peak has the right to operate the Baal Gammon mine under a mineral rights agreement, and was responsible for all costs and obligations to mine the development area.
ASX-listed Monto Minerals, which is the project owner, is entitled to a 2.5% net smelter royalty (NSR) on all metals for the first 550 000 t of ore processed, and a 2% NSR on all metals over this.
First cash flow from the Baal Gammon mine was expected by April.
Mining activities at Snow Peak’s Surveyor mine were also continuing to ramp-up, with the two projects to be mined concurrently to provide ore feed to the Mt Garnet concentrator.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation