MINING
Macraes Processing Plant includes more exploration and a few more years . With the addition of the Frasers Underground mine , which is currently 740 meters below surface and 200 meters below sea level , including over 48 kilometers of developed tunnel drives , OceanaGold intends to continue tapping the asset — despite low gold prices .
“ The vision at Macraes hasn ’ t changed but the strategy has . We needed to adapt to the changing economic environment , and when prices dropped in 2013 , we were able to quickly adjust ,” said Wilkes .
“ At Frasers , we ’ re chasing the higher grade hanging walls where we know we can mine profitably . It ’ s a very efficient design and we continue to chase higher grades and zones at new depths .”
In the Philippines , OceanaGold owns and operates the high grade gold-copper mine , Didipio , located on the island of Luzon north of Manila . The operation is home to roughly 1,800 Filipino employees , with approximately 50 percent derived from local communities in the immediate vicinity of the mine . According to Wilkes , OceanaGold
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