WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA
Western Mining Corp Holdings Ltd
<WMNG.S> (WMC) said it will establish a new joint venture gold
mine in the Northern Territory at a cost of about 21 mln dlrs.
    The mine, to be known as the Goodall project, will be owned
60 pct by WMC and 40 pct by a local W.R. Grace and Co <GRA>
unit. It is located 30 kms east of the Adelaide River at Mt.
Bundey, WMC said in a statement
    It said the open-pit mine, with a conventional leach
treatment plant, is expected to produce about 50,000 ounces of
gold in its first year of production from mid-1988. Annual ore
capacity will be about 750,000 tonnes.
 REUTER
