By Jane Bardon

Topic: Mining

Hanking Gold starts new project at Mount Bundy Gold Mine.

In short:

A closed mine in Australia is opening again because gold prices are high.

The company in charge, Hanking Gold, thinks it will make money in the first year.

What's next?

The company will start selling gold in 2028 and the mine will run for 17 years.

A Chinese company is helping to open a closed mine in Australia.

The company, Hanking Gold, visited the mine to start building a new plant.

The CEO of Hanking Gold, Mark Qiu, is confident the mine will make money.

Mark Qiu thinks the mine will run for 17 years.

He said, 'We expect profits in the first year, 2028.'

The high gold price makes the project profitable.

Gold prices are high, and many companies are looking for gold in Australia.

Hanking Gold has been planning this project for 12 years.

The gold at the mine is worth over $6 billion.

The mine will run for 17 years, but it might be longer.

The company thinks the project will be profitable with a gold price of $3,750.

Hanking Gold will remove old equipment from the mine.

The old mine closed in 1997 because gold prices were low.

Now, gold prices are over $6,000.

The high gold price helps the company get money to build the mine.

John Zimmermann says the high gold price helps the project.

The mine will dig for gold on the surface and underground.

Many old mines in Australia are opening again.

Gold is now one of Australia's most valuable exports.

People visited the mine for a ceremony to start building.

The biggest gold mine in the Northern Territory is the Granites mine.

The Mount Bundy mine will be the second largest in the Northern Territory.

Preparations are starting.

A camp for workers is being built, and contractors are happy to work on the mine.

Glen Weir says the new gold rush helps local businesses.

The company CPC Engineering won a contract to build the mine's plant.

The project will help many workers and businesses.

There's a good future for gold in Western Australia.

Hanking Gold needs to remove crocodiles from the old mine.

The company will drain the old pits and remove the crocodiles.

The mine is near a river with many crocodiles.

The company has permission to mine and will not pollute.

Hanking Gold built a water treatment plant.

The company has strict rules to protect the environment.

The company must keep cyanide out of the water.

The company has a system to clean the water before it leaves the mine.

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