Shire Sells Mining Camp for $22M, Tackles Debts
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Shire of Coolgardie in Western Australias Goldfields region sold Bluebush Village mining camp to Westgold for $22.05 million, aiming to tackle its substantial debts. The deal includes nearly $2 million for undeveloped land. The sale follows a show-cause notice from the local government minister, urging the shire to address its financial issues. Westgold plans to use the camp for its workers at the Beta Hunt gold mine, while the shire will use the funds to pay down debts and review its long-term financial plan. Both parties aim for future growth in the Goldfields region.
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