Client: Xstract Group
Location: Goldfields, Western Australia
Services Provided: Due Diligence Audit
KMH was engaged by Xstract Group on behalf of a potential investor to conduct a high level environmental due diligence audit on Focus Minerals’ gold mining operations in Western Australia to ascertain major risks related to their activities. The facilities at Laverton and Coolgardie were visited by KMH personnel with a specific focus on risks that could be considered to be of significance to the potential investor. The key areas of environmental risk investigated included rehabilitation of mining waste dumps, processing facility tailings disposal and acid mine drainage. Aspects of compliance reviewed included State Government mining permits plus associated financial bonds, and mine rehabilitation plans. The report demonstrated suitably low levels of risk to the investor and investment in Focus Minerals was publicly announced shortly after completion of KMH’s due diligence report to the client.
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