Diggers & Dealers was a buzz this year bringing a touch of gold fever to Kalgoorlie with close to 60% of the program made up of gold presenters and a number of deals made.
Here are some of the Gold Industry Group’s highlights from the 25th year of Diggers.
In member news
- Northern Star Resources seals WA goldmine sale with Canada’s Billabong Gold
- Gold Fields Australia plans to spend up to $500 million on exploring its WA gold tenements over the next five years
- Gold Road Resources’ Gruyere project to become Western Australia's third largest gold project ever mined
- Maximus buys Burbanks from Ramelius Resources
- Ausdrill Hockeyroo stars a hit at Diggers & Dealers
- Doray Minerals believes gold industry needs a united voice for unique challenges
Gold is the hottest metal in the world right now and the world’s biggest and most valuable gold coin was the hottest attraction at this year’s event.
The Perth Mint pulled out all stops to send the pure, one tonne gold coin on the road to showcase on the opening day of the conference. It’s fair to say this $60 million dollar coin was the most photographed attraction.
Long-term community engagement project announced
The Gold Industry Group was proud to announce its long-term, community engagement project in Perth at its Innovation in Mining breakfast on Tuesday.
Using the latest innovative iBeacon technology, visitors will be able to download an app that will take them on a virtual gold treasure hunt from Elizabeth Quay to the historic Perth Mint.
The virtual Heart of Gold Discovery Trail and pop-up gold panning activity in Elizabeth Quay will provide a fun and interactive way for visitors to learn about Western Australia’s storied gold industry and its importance to our economy.
The launch is proposed for January 2017.
Women in mining
It was great to see three women present this year in Gold Fields Vice President: Legal and Compliance Kelly Carter, Lynas Corporation CEO Amanda Lacaze and Sipa Resources Limited Managing Director Lynda Burnett.
Innovation in mining
The Gold Industry Group teamed up with Deloitte this year to host an Innovation in Mining breakfast on Tuesday 2 August. Deloitte discussed their Innovation in Mining: Australia 2016 report identifying where Australia’s major, junior and service-providing mining companies are placed in their innovation maturity, as well as what must be actioned to compete both locally and globally.
Gold Industry Group members joined Deloitte in a panel discussion where Gold Industry Group Vice Chairman and Gold Fields Executive Vice President Richard Weston said there's currently a big push for innovation in all sectors of the mining industry.
“There have been a lot of improvements in the gold industry, including the increase of computer power with the help of drones, allowing rapid volume calculations which is important for the reconciliation of gold value,” he said.
“Innovation should become a culture. Through innovation and a well-trained work force, the industry can become more cost efficient.”
Gold Industry Group Chairman Richard Hayes concluded the event with the announcement of a virtual, gold treasure hunt, which will use new innovative iBeacon technology to engage and educate the community on the history and importance of our gold industry.
Deloitte’s booth continued the theme with company’s innovation efforts visually represented by artist Fern Lecuna.
At the WesTrac gala dinner Evolution Mining won the Dealer Award for doubling its production and market capitalisation as a result of the Cowal and Mungari acquisitions last year.
Independence Group founder Chris Bonwick won the GJ Stokes Memorial Award for his contribution to exploration and junior gold producer Pantoro was named the Best Emerging Company.
The Digger Award went to Fortescue Metals Group and Paul Garvey, reporter for The Australian, won the Media Award.
Deloitte also presented their WA Index High Growth Awards at the conference which recognised the top movers in the WA Index top 100 including four gold miners:
- Resolute Mining Limited: Increased its market capitalisation by 331% from AU$196m to AU$843m
- General Mining Corporation Limited: Increased its market capitalisation by 3513% from AU$7m to AU$253m
- Millennium Minerals Limited: Increased its market capitalisation by 2270% from AU$5m to AU$114m
- Capricorn Metals Limited: Increased its market capitalisation by 2354% from AU$3m to AU$73m
You can find more Diggers news in The West Australian Gold Feature and on our Twitter feed @ausgoldindustry. Check out some of the action in our photo gallery.
Thanks to all of our members for championing Australia’s gold industry at Diggers & Dealers.