Hope for outback NSW miners as major mine bought by newly formed company

Miners at CBH Resources’ Rasp Mine in Broken Hill have been instructed their destiny after eight months of uncertainty.

The mine has been bought by the newly formed Broken Hill Mine Limited company, saving the 120 employees employed to extract zinc, lead and silver.

There have been fears in November final yr that the primary trade using residents was at a crossroads as 49 CBH Rasp Mine employees accepted redundancies.

The mine would enter a staged shut down as Japanese mum or dad company Toho Zinc sought a purchaser, with a full shut down scheduled for later this yr.

Workers have been instructed on Friday that the mine had been bought by the newly formed Broken Hill Mines Limited (BHM).

They have been instructed BHM would purchase 100 per cent of the RASP mine by October 31.

In a press release, CBH Resources mentioned the workforce could be maintained.

Rasp Mine normal supervisor Giogio Dall’Armi instructed the ABC employees have been happy to listen to the information.

“At our briefings, the response from our workers was positive and one of relief that the future is now a little clearer for them,” he mentioned.

He additionally recognised the continuing uncertainty for employees. 

“Over the past eight months our workforce has remained committed and supportive,” he mentioned.

Australian patrons BHM’s Australian Securities and Investments Commission info mentioned it was positioned in Melbourne, having been listed for the primary time in May.

CBH Resources mentioned the company was “focused on the development and operation of silver, lead [and] zinc assets in the Broken Hill region”.

Relief for residents

NSW Mine Workers’ Alliance union organiser Todd Ferguson mentioned the information was welcomed by the 40 union members working on the mine.

“It means Broken Hill people have jobs, which is a good thing for the community,” he mentioned.

Mr Ferguson mentioned miners who would have misplaced their jobs could have wanted to have a look at leaving city or taking over fly-in, fly-out jobs.

“It’s good that this new company has recognised the commodity is still here in Broken Hill and one of the most valuable commodities is the Broken Hill worker, so they’re going to roll on, keep them employed and the mine stays open,” he mentioned.