141118

AWU hears Peak workers’ concerns

The Australian Workers Union (AWU) is concerned the protracted uncertainty of employment at Peak Gold Mines (PGM) is having a detrimental effect on the mental health and safety of their members. AWU NSW Branch vice president Ron Cowdrey and organiser Brock Skelton were in Cobar last week to meet with […]

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190918

Peak goes contract

Aurelia Metals management has told Peak Gold Mines employees the company will be making the transition from “owner-mining” to “contract-mining”. Management held a meeting with employees onsite on Tuesday morning to detail the plans. Since Aurelia Metals’ announcement of their intention to purchase the Peak Gold Mine (PGM) in November […]

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Local News

New GM for Peak as sale completed

David Pelchen will take over as the general manager of Peak Gold Mines from next month. The announcement was made yesterday as Aurelia Metals Ltd officially took ownership of the mine. Mr Pelchen is a mining engineer with extensive operational experience in underground operations in Australia, New Zealand, China and […]

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240118

Aurelia raises the funds for Peak mine purchase

Aurelia Metals Limited has received an “overwhelmingly positive response” to its capital raising activities to fund the purchase of Peak Gold Mines. The company, which owns Nymagee’s Hera Mine, announced the acquisition of New Gold’s Peak Gold Mines in November last year. Since then Aurelia’s institutional and major shareholder placements […]

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Local News

Aurelia settles Glencore dispute

A dispute over debt arrangements which threatened to see mining company Aurelia Metals placed under administration has been settled. Glencore had a funding agreement in place with Aurelia, which operates the Hera Mine near Nymagee, but earlier this year attempted to have the company placed under administration claiming it had […]

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Local News

Aurelia hits back at Glencore actions

Aurelia Metals has secured a Supreme Court injunction after attempts by Glencore to send the company into administration. Aurelia, which operates the Hera Mine near Nymagee, had an existing funding arrangement in place with Glencore which included regular loan repayments along with the option to convert debt repayments to shares. […]

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Local News

Hera project hits processing hurdle

Aurelia Metals will re-evaluate its funding options after processing plant issues at the Hera Mine saw it fail to reach full potential since declaring commercial production earlier this year. Aurelia’s managing director Rimas Kairaitis said the mine has continued to show improvements but is still not at expected performance levels. […]