KCGM owner, Northern Star Resources today announced a final investment decision in relation to the KCGM Mill expansion.
The Northern Star board has approved $1.5 Billion to increase and modernise KCGM`s processing from 13Mtpa to 27 Mtpa. The process is expected to comprise of a three year construction phase with planning and long lead items ordered.
Managing Director for Northern Star, Stuart Tonkin said
“Today is an exciting day for Northern Star and a historic new chapter for this world-class asset. “The Board’s decision to approve the KCGM mill expansion and optimisation represents the next stage to revitalise our largest asset as well as the surrounding district for decades to come.
This Project is financially compelling, and a significant enabling step towards delivering our strategy to generate superior returns for our shareholders.
Further, the Project is important in our sustainability journey and will also sustain hundreds of local jobs, economic and social investment, and local procurement opportunities in the Goldfields region.”