Another gold mine will be shortly opened near Broken Hill in South Australia. It will be opened by Minister for Mineral Resources Development, Paul Holloway.

Mr. Holloway stressed that the region has increased the number of gold mines from four in 2002 to 12 this year and he hoped it would benefit the local people and the economy of the region.

The mine will be a joint venture between Polymetals Group Pty Ltd. and Exco Resources Ltd. The project is estimated to generate $2.8 million in wages for the local population. 

The mine is expected to generate 50,000 ounces of gold per year. Both the Companies are confident of discovering more gold in the Vertigo and White Dam North deposits. They are also very optimistic about the potential of the whole region.