Macraes Mine
Encyclopedia
Macraes Mine, in East Otago
is New Zealand
's largest gold mine, owned by OceanaGold
Corporation, which consists of a large scale opencast mine. It is situated close to the settlement of Macraes Flat
.
The gold bearing rocks were formed by the orogenic processes that created the Otago Schist belt.
East Otago
East Otago is the name given to that part of Otago, in the South Island of New Zealand that lies directly to the north of Dunedin. To the south, its limit is approximately the rough hill pass of the Kilmog, 25 kilometres north of Dunedin city centre, and in the north the limit is the Shag River.The...
is New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
's largest gold mine, owned by OceanaGold
OceanaGold
OceanaGold Corporation OceanaGold is a significant Asia Pacific gold producer, with a portfolio of operating, development and exploration assets. Assets are located on the South Island of New Zealand and in northern Philippines...
Corporation, which consists of a large scale opencast mine. It is situated close to the settlement of Macraes Flat
Macraes Flat
Macraes Flat is a town in the Waitaki District in Otago, New Zealand. It is known as a mining town, with a long history of gold extraction. It is near Macraes Mine owned by OceanaGold Corporation. The town sits 55 km north of Dunedin in New Zealand's South Island....
.
The gold bearing rocks were formed by the orogenic processes that created the Otago Schist belt.