SOURCE: Industrial Info Resources

Industrial Info Resources

February 02, 2010 05:15 ET

Paint Your Wagon - It's Western Australia or Bust for Gold Mining, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - February 2, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Australian gold mining tenement holders are dusting off and re-examining old feasibility studies as the gold price oscillates around pricing levels that were not dreamed of a few years ago. There are two varieties of gold mine in Australia: the Kalgoorlie "Super Pit" variety, so named because the open cut now measures miles in length, where it's all about volume; and the much more common small, junior mine, where it tends to be all about quality (specifically, ounces per ton). The state of Western Australia (WA) accounts for about half of Australia's total gold production. WA is also the home of the Super Pit and the small, remote gold mines that must be totally self-sufficient. These mines and miners are reminiscent of the miners of yesteryear. Regis Resources Limited (ASX:RRL) (Perth, Western Australia) is constructing such a mine in what is almost the geographical centre of WA.

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