Australian miner Minerals and Metal Group (
) has invested $157 million at the Dugald River zinc project, one
of the largest zinc deposits in the world. The venture is located
85 kilometres north east of Mount Isa.
Once the mine is operational by 2014, it is expected to have
an annual output of 200,000 tonnes of zinc, 25,000 tonnes of lead
and 900,000 ounces of silver. The mine is expected to employ 500
"That will fund the next stage of the project's development,
which will include detailed engineering, metallurgical test work,
the continuation of some early site works that have already
commenced, including the underground exploration decline
development, said MMG spokeswoman Sally Cox.
The venture is essential to MMG for the miner to make up for
the pending closure in 2015 of its Century zinc mine in northwest
Queensland which produces 500,000 tonnes of zinc.
MMG has Minmetal Resources (
) as partner in the venture. MMR is 75.6 per cent owned by China
Minmetals Corporation, which is state-owned.
Meanwhile, the Kalkadoon people of the Mount Isa region won a
native title claims covering 40,000 square kilometers in
northwest Queensland in a federal court decision issued on
The people have held on the land claim for 18 years. With the
decision made by Justice John Dowsett, the Kalkadoons would now
be able to negotiate with pastoralists for access to their land
for hunting, ceremonial purposed and to maintain sites.
The group is made up of about 3,000 people who come from 29
Aboriginal ancestors. The land includes Boulia, Burke,
Carpentaria, Cioncurry, McKinlay and Mount Isa Council