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City’s mines still strong

Monday, 30th April, 2012

By Paula Doran

Broken Hill remains one of the most important mining towns in the nation, according to industry analyst, Gavin Wendt.

Senior Resource analyst, and founder of the website “Minelife,” Mr Wendt says the strength of the Silver City’s position on the national mining landscape is uniformly important, both in its origins, its current position, and into its future.

“The strong reputation that Broken Hill has attracts exploration companies, because they know that they have a strong likelihood of being able to expedite an efficient transition to mining, should they enjoy exploration success that identifies a commercially viable mining deposit.

“That is why the Broken Hill region is abuzz with exploration activity today, which in turn should hopefully translate into more commercial mine developments in the near to medium term.”

Mr Wendt’s comments come on the back of CBH Resource’s historic renewal of the Line of Lode, and a new raft of surveying post-opening of the legal search for uranium in New South Wales.

“Broken Hill region is abuzz with exploration activity, which in turn should hopefully translate into more commercial mine developments in the near to medium term,” says Wendt.

“The city hasn’t suffered from a lot of the negativity that has afflicted many other mining centres, probably because it has maintained high environmental standards that have protected the local community.

Those standards are prevalent in the newly commissioned mill atop the Line of Lode, which experts say is best practice and ultra-environment conscious.

Mr Wendt says the long-term commitment by CBH in developing its Rasp Mine comes despite a widespread gloom on the global economy; “the company knows that there are major supply-side challenges ahead for the zinc industry that should benefit new operations like Rasp and provide a strong price environment.

“Being able to do this in an established mining location rather than a brand new ‘greenfields’ site makes a huge difference in terms of reducing overall risks.

“One cannot underestimate the value in a town or city, like Broken Hill, having an established mining culture.  It’s important in so many ways.  For starters, there are all of the facilities and skill base available to ensure that a mine can be commissioned and successfully run.

“But what’s just as important is the mining culture.  People understand the value of mining, the benefits that it can create for the local community in terms of enhanced employment opportunities and greater wealth,” says Mr Wendt.

“Mining towns also have a less biased view in terms of the environmental approvals process necessary for mining and exploration to take place.”

* Gavin Wendt is on the advisory board for the Resources and Energy Symposium and will be attending the event in May.

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