Copper Mines of Tasmania reveals the Mt Lyell mine is being sold after failing to restart operations in February, blaming the coronavirus impact on parent company Vedanta Resources.
Copper Mines of Tasmania has confirmed its Indian parent company Vedanta Resources wants to sell the mothballed Mt Lyell operation at Queenstown.The mine has been in care and maintenance following three tragic deaths in 2013CMT had indicated an announcement was imminent, possibly later this week, after West Coast Council Mayor Phil Vickers revealed the news earlier today.
"Vedanta’s work has placed the mine in a strong position for the new owner to quickly recommence operations, which will be a great outcome for the mine and for the west coast community," he said. "I've had a briefing from the GM [General Manager] up there, only a week or so ago, and his indication is that the parent company is considering, or are in the process, of divesting themselves of that mine site," he said."The best result for our community — and for a restart of that mine — is for it to be sold on for somebody that's prepared to reopen it."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$20 million fund to boost SA tourism industry's 'silver lining' coronavirus recoveryGrants of up to $500,000 each will be offered to South Australian tourism operators in an effort to boost the sector as it recovers from the coronavirus shutdowns.
Read more »
Coronavirus Victoria: 35 new cases, seven more deaths recordedBREAKING: Victorian coronavirus infections continue to trend downwards, with 35 new cases and seven more deaths recorded overnight.
Read more »
Thailand pays its people to go on holidays to help tourism recover from coronavirusFrom relaxing beachside holidays to temple visits in the mountains, Thai people are being encouraged to be tourists in their own country. And best of all, the Government is offering to pick up some of the tab as part of a bid to kickstart the country's tourism industry.
Read more »
Five errors coronavirus 'armchair experts' keep getting wrongIt's easy to be taken in by misinformation about COVID-19 statistics on social media, especially if we don't have the right context, writes Jacques Raubenheimer.
Read more »
Coronavirus public health alert for second Sydney KFC outlet in two daysNSW Health issues a public health alert for the Concord restaurant after a known COVID-19 case visited the venue. The state has recorded nine new cases, including four linked to existing clusters.
Read more »
Victorian Government announces $3b coronavirus business support packageThe Victorian Government announces a coronavirus business support package worth about $3 billion, which Premier Daniel Andrews calls the 'biggest package of business support' the state has ever seen.
Read more »