Chinese property developer to reopen Solomon Island gold mine

The over-full tailings dam facility at the Gold Ridge Gold Mine on Guadalcanal in Solomon Islands. January 2015. At the time this was captured the water level was one metre from the brink with 3 months to go in the wet season. Photo: copyright Dr Matthew Allen - Australian National University

The over-full tailings dam facility at the Gold Ridge Gold Mine on Guadalcanal in Solomon Islands. January 2015. At the time the water level was one metre from the brink with 3 months to go in the wet season. Photo: Dr Matthew Allen – Australian National University

Solomons gold mine to reopen in 2016

Radio New Zealand

Landowning tribes in Solomon Islands say they will reopen the Gold Ridge gold mine in 2016, two years after flash flooding forced its closure.

This comes as the mine’s former Australian owner, St Barbara recently handed over a new water treatment facility to allow the release of treated water from the mine’s overfull tailings dam.

The chairperson of Gold Ridge Community Investments Limited, Walton Naezon, says water treatment will begin immediately with the aim of reducing levels in the dam by a metre over the next three months.

Mr Naezon says the company is in talks with Australian based Chinese company AXF Group to take on the mine’s operation in 2016.

“Once we have got the heads of agreement signed the partner will actually control the mine with us. And the works should start straightaway next month and the actual exploration and other activities will take quickly in the first quarter of next year.”

8 Comments

Filed under Solomon Islands

8 responses to “Chinese property developer to reopen Solomon Island gold mine

  1. Senta

    The new owners must invest in dry tailings storage or stack storage- anything else is foolhardy.

  2. The Gold Ridge gold mine was once owned by an Australian mining company called Ross Mining. That company caused huge environmental damage and did not give any respect or regard to the local land owners in the Solomon Islands where its mining operations occurred. Australian mining companies are out to make a “buck”, “dollars” of course for themselves and their shareholders. Again, the locals in the Solomon Islands were ignored. Then another Australian mining company takes over, Allied Gold, and then another Australian company takes over St Barbara. St Barbara mining company knows how much environmental damage has occurred. The tailings dam full of poison is about to overflow due to flash floods. The mining company scumbags then decide Gold Ridge must be sold by St Barbara for A$100 to a landowner-controlled company GoldRidge Community Investment Limited (GCIL) in May 2015, including all legal and rehabilitation liability. A major environmental catastropic problem involving or causing sudden great damage or suffering is now in the hands of the landowner company group in the Solomon Islands, who paid a$100 for the disaster to unfold, whilst the Australian mining companies and their rich shareholders, who don’t give a shit

  3. Charles Fox Meke

    ML 1/97 were cancelled
    AXF Resources and GCIL do not own the Gold Ridge Mine
    Ownership of the mine is the Government
    Beware

  4. Charles Fox Meke

    Will the dam over flow or not
    Remember it is the raining season now
    Downstream Landowners are worried while Richard Gu, Walton Naezon, Dick Douglas and others are not doing anything to manage the water level
    When the water level reaches the wall then you can kiss Goodbye Gold Ridge

  5. Charles Fox Meke

    Cost to restart Gold Ridge
    40,000,000 bond to be deposited with Central Bank in Honiara
    16,000,000 remediation for the TSF
    25,000,000 for what was destroyed by locals after Santa Barbara left
    10,000,000 for a new TSF if landowners agree to built a new one
    All the above in Aussie $$$

  6. Charles Fox Meke

    Merry Xmas

  7. Helen

    This is all terrible- the costs have been passed on to a poor country with a government perhaps even more corrupt than ours ie Australia’s. The rehab bonds mines pay are risible. Foreign companies must be made to pay realistic bonds up front or not mine at all.

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