Northern Territory resources minister Ken Vowles has extended Vista Gold’s management of the Mt Todd gold mine, with a long term plan to reopen the site.
Mt Todd, located around 50km northwest of Katherine, ceased operations in 2000.
The extension maintains Vista Gold’s role as manager of the site and recognises its commitment to future development works.
“The government and Vista Gold both want to see Mt Todd operating again, in the interests of regional development, creating local jobs and managing environmental issues,” Vowles said.
He added that since Vista Gold took over responsibility of the site in 2007, both the company and the government have invested significant resources into managing water on the site.
“Vista Gold has also completed a full environmental impact assessment of the former mine, with the aim of moving into development when optimal industry conditions are reached,” Vowles said.
“In the longer term, reopening the mine will ensure rehabilitation of the site after the mine ceases operation.”