Bendigo Historical Society Inc.
Photograph - Kangaroo Flat Gold Mine Collection: Catherine Reef South shaft
Kralcopic Pty Ltd, was a subsidiary of Bendigo-based company GBM Gold and had previously held mining licences around Bendigo, which incorporated sites including Kangaroo Flat, New Moon, Eaglehawk and the associated Woodvale Evaporation Ponds Complex.
In August 2019, the Earth Resources Regulator decided not to renew Kralcopic’s three mining licences, due to the company’s inability to provide surety that it could finance its mining activities and site rehabilitation obligations.
In October 2020, the company filed legal proceedings in the Supreme Court challenging the decision not to renew these licences. The Supreme Court later upheld the regulator’s decision not to renew the licences.
On 23 April 2021, the Federal Court of Australia appointed KPMG as Kralcopic’s liquidators.
On 14 May 2021, the liquidator lodged papers with the Australian Securities and Investment Commission (ASIC) to disclaim Kralcopic’s freehold land at Woodvale and parcels of land around the company’s former Bendigo sites, with the land to subsequently become Crown land.
The Earth Resources Regulator has put a statutory exemption in place to preclude new mining licence applications on the sites while we undertake rehabilitation. The exemption also provides an opportunity for government to consider future uses of the sites in consultation with the City of Greater Bendigo and the local community.
The Earth Resources Regulator holds rehabilitation bonds totalling $5.9 million, which it will use to rehabilitate the former sites.Colour photocopy of original photo. Image shows Catherine Reef South shaft with rectangular concrete capping. Ventilation pipe in concrete capping. On back in pencil: Catherine Reef South shaft with cap - Kralcopicwestern mining corporation, goldmining, capping, shaft, mining regulations, williams united shaft, kralcopic
Bendigo Historical Society Inc.
Bendigo Historical Society Inc.