Business Review Australia - March 2016_

MINING

http://www.oceanagold.com 39

actively recruits, hires and trains

locals for the operation. “Our

workforce at Dipidio is 99 percent

Filipinos. We’re very proud of that

99 percent,” said Wilkes. “We’re

putting a lot of effort to developing

the workforce here. The same thing

applies to our New Zealand and

Macraes workforce, and future

locations.”

The mine, which commenced

production in 2013, has a cost

structure in the lowest quartile

across the industry, with negative

All-In Sustaining Costs in its first full

year of commercial operations.

“2015 was another good year, with

cost in line,” said Wilkes. “Although

the copper price was lower than

expected last year, we do expect the

copper price to come back strongly

in the next couple of years.”

The Right Assets

In October 2015, OceanaGold

finalized the acquisition of the Waihi

Gold Mine from Newmont Mining.

The mine, which achieved record

gold production in 2014, producing

3.5 million tons of gold, represents

a calculated move for the New

Zealand company.

Martha Open Pit – Waihi Operation

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