The two-day 2010 Paydirt Gold Conference got underway in Perth this morning, with the "recession-proof" gold price expected to be the biggest talking point.
ABB has commissioned the world's largest High Pressure Grinding Roll (HPGR) drive system for Newmont Mining's Boddington gold mine expansion project in Western Australia.
Newmont president Richard O'Brien predicted gold prices could rise as high as US$1350 per ounce this year at the opening of Australia's largest gold mine yesterday.
The Kalgoorlie Super Pit has received final approvals for expansion.
Australia is once again the world's second largest gold producer and should remain so for the foreseeable future, Surbiton Associates said yesterday.
ABB will deliver the drive systems that will be used in two new High Pressure Grinding Rolls (HPGR) at the Karara iron ore project in Western Australia.
Newmont Mining Corporation's Boddington gold mine is MINING DAILY's Mine of the Week.
Australian gold production increased by 4% during the June quarter, according to Surbiton Associates' latest overview of the Australian gold sector.
US mining company Newmont has begun production at its Boddington gold mine in Western Australia.
An ABARE report has found gold production will rise nearly 10% in 2010.