PERTH (miningweekly.com) − Recruitment and labour hire specialists Humanis Group will acquire a 49% interest in Springsure Mining, which will build a training mine near Newcastle in New South Wales to provide practical and theoretical training.
Humanis said on Tuesday that the agreement would provide the group with a compelling selling proposition to supply mine site trained personnel to the industry.
The training mine would seek to tackle the recent and expected future shortage of skilled labour by means of a practical real-life mining operation, MD George Gelavis said.
“It is widely acknowledged that a skills shortage exists in the minerals industry, particularly the coal sector in Australia, at a time of recent and expected future expanding production and capacity in the sector.”
Humanis, through its wholly owned subsidiary ResCo Projects, would pay A$1,5-million to TheChairmen1, which holds the equity interest in Springsure.
A further A$2,2-million would be paid for each ten-million tons of indicated mineral resource coal contained within the tenement area of the proposed training mine, up to a maximum of A$11-million.
Gelavis said that Springsure would commit funds to a substantial drilling programme targeted at delineating sufficient mineral ore reserves at the tenement area, to enable the start of feasibility studies.
These feasibility studies would determine the financial viability of the training mine, and would provide the support for the requisite funding of the development of the mine.
An initial capital requirement of around A$46-million would be needed to develop the underground mine and ancillary facilities, while an additional A$10-million could be required for the construction of training facilities.
Gelavis said that subject to the appropriate approvals, the proposed training mine could be operational within the next three to five years, with the production activity in the underground mine assisting in ensuring the continual financial viability of the operation.
It was anticipated that the training mine would become self-funded through the sale of coal eventually produced by the operation.
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