Henty gold mine close to restart

Tasmania’s Henty Gold Mine is set to restart production once its acquisition by Diversified Minerals is approved by the Victorian Supreme Court.

Previous owner, Unity Mining, put the mine into care and maintenance in 2015 after an operational review found scheduled mining rates would substantially deplete their reserves.

The subsequent closure affected 150 full time workers and contractors.

The gold mine, south of Tullah in Tasmania, is expected to boost jobs in the region.

Last Friday Unity shareholders voted in favour of a deal for their company to be controlled by Diversified Minerals, an associate of the PYBAR Group.

Paul Rouse, PYBAR CEO, said he hoped the deal would be approved and was looking forward to involvement in the community, according to The Advocate.

“PYBAR will be carrying out a full review of the Henty operations with a view to recommencing production as soon as possible,” he said.

The court hearing to approve the proposed deal is set for May 26.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.