I am only speculating, but you may recall in 2011 I think they did a geotechnical review that concluded (as it turns out correctly) that the upper portions of the pit were unstable and recommended an increased strip ratio. I don’t think the mine plan was able to adapt quickly enough and the slip at the beginning of 2013 was obviously a significant impediment. My understanding is that the basement rocks are highly competent, so the risk of further slippages will not increase as the pit gets deeper. Most pits have a period of extensive overburden removal, you may recall OZL had a similar problem at Century when they had the debt crisis a few years back.
- Forums
- ASX - By Stock
- quarterly due 15 oct
I am only speculating, but you may recall in 2011 I think they...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online