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Tuesday, 23rd May 2006 (2134 views)

Beaconsfield Gold has demonstrated its commitment to its employees by saying it will fully fund its share of workers' entitlements while the New Zealand mine is closed.

Last month a rockfall at the Beaconsfield gold mine killed one miner and trapped two others for 14 days before they were rescued. The accident is now the subject of an inquiry and the methods used at the mine will likely be updated.

Australian Workers' Union national secretary Bill Shorten said he thought the mine could be used safely in the future and that he wanted to see it open.

In the meantime, Beaconsfield Gold has agreed to fund its 48 per cent of entitlements, including long service leave and annual leave.

These, together with other entitlements, will be held in cash in a designated account by the manager of the joint venture. Beaconsfield Gold's contributions are being funded by a pre-existing guarantee agreed with the company's banker.

 

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