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Gold miner Adaman set to add glitter to Palace
Josh Chiat Kalgoorlie Miner
Tuesday, 22 May 2018 5:50PM

A private mining company says it is hoping to restore a Southern Cross pub to its former glory after taking control of the 107-year-old Palace Hotel.

Adaman Resources, a privately-owned gold miner backed by mining services players SMS, Rivet and Mitchell Group Holdings, has taken control of the historic pub in recent weeks to house workers at its Corinthia gold mine, 15km north-west of the Yilgarn town.

Adaman chief executive Craig Bradshaw said the company wanted to deliver a local accommodation option for its staff and contractors and improve the Palace’s level of service for the Southern Cross community.

“The rationale was just it was expedient and it made perfect sense because the cost of acquiring the hotel and then running the hotel was far cheaper than going out and trying to build an accommodation facility locally,” he said.

“Our intention is to open the doors wide and try to get the Southern Cross community back in.

“We took management control a month ago and that process is well in train — regular food services, proper chefs and nights for the community.”

The company plans to refurbish the well-known watering hole, which is about 220km west of Kalgoorlie-Boulder.

“Having said that, the building itself is in excellent condition, so we’re refreshing the rooms, we’re refreshing the hotel itself,” Mr Bradshaw said.

Adaman recently bought Chinese gold miner Minjar Gold’s half of Corinthia to take full control of the mine, which was first developed in the early 1900s and was redeveloped as an open pit by Western Mining Corporation in 1948 when it operated the nearby Bullfinch mine.

Its new owners are planning to blast a portal soon to take it underground and will truck ore around 40km south to Minjar’s Marvel Loch processing plant. Adaman also bought the Kirkalocka gold mine, 70km south of Moun t Magnet in the Mid West, from Minjar last week in a $12 million deal.