WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA
  Western Mining Corp Holdings Ltd
  &lt;WMNG.S> (WMC) said it will establish a new joint venture gold
  mine in the Northern Territory at a cost of about 21 mln dlrs.
      The mine, to be known as the Goodall project, will be owned
  60 pct by WMC and 40 pct by a local W.R. Grace and Co &lt;GRA>
  unit. It is located 30 kms east of the Adelaide River at Mt.
  Bundey, WMC said in a statement
      It said the open-pit mine, with a conventional leach
  treatment plant, is expected to produce about 50,000 ounces of
  gold in its first year of production from mid-1988. Annual ore
  capacity will be about 750,000 tonnes.
  

