Hard times continue for Gold Ridge Mining Limited (GRML), which will reduce its workforce to cut costs at their non-operational mine in the Solomon Islands.
GRML has continued to pay the workforce since the mine was closed due to flash flooding in April, but the company will cut staff that are not required during operational closure.
GRML owner St Barbara has said that a return to full scale production will not be possible for “quite some time”.
GRML is currently awaiting government approval for dewatering the tailings storage facility and maintaining the processing plant and infrastructure.
Once approval is received, GRML will commence dewatering in order to resume gold processing.
The timeframe for repairs to the Tinahulu Bridge, which provided heavy machinery access into the mine, is unknown and depends on the company’s dealings with the Solomon Islands Department of Infrastructure.
St Barbara said that the Gold Ridge has been beset by hundreds of illegal miners who set up camps in the open pits, and that no mining will be possible “until this issue is addressed”.
GRML is still under force majeure.