(ABC News) Great Hopes for Beaconsfield

[EXCERPT FROM "History for sale as Beaconsfield banks on a mine-led recovery"]

Mining talk encourages investors

Mr Gardner is the latest investor in the future of Beaconsfield, one of many small business owners branching into the town after rumblings of a restart at the Beaconsfield gold mine, famous for the underground rescue of two trapped miners in 2006.

The mine was at the centre of global media coverage in 2006, when workers Todd Russell and Brant Webb became trapped down the mine shaft for two weeks and their colleague, Larry Knight, died in the collapse.

The gold mine, that was once the lifeblood of the area, closed in 2012 due to a dip in the gold price.

Paul Scott expects the prospect of a mine start-up will increase investment in Beaconsfield.(ABC News: Fred Hooper) Beaconsfield resident and director of commercial real estate firm Shepherd and Heap, Andrew Heap, said the town took a hard hit when the mine closed.

"It caused business to shrink a bit, and there was a bit of a hard period over a couple of years but it's really starting to pick up again at the moment," he said.

In February 2020, Australian mining company NQ Minerals bought the mine for $2 million and has been working towards restarting operations by the end of the year.

Mr Heap said since that announcement, a number of small businesses have opened, including a craft brewery, a winery and some new shops.

"We have a history with mining and talk about it a lot, and I think there are some positive signs the mine may get going again in the next few years," he said.

"With the outlook for the gold mine here, I think the town can support two or three healthy hotels and restaurants."

James Gardner sees some great opportunities if the mine reopens.(ABC News: Fred Hooper) Mr Gardner said the potential reopening of the town's gold mine was a good incentive to buy up.

"There were a lot of things that went into the decision to buy and that was definitely one of them."

Source: ABC NEWS (https://www.abc.net.au/news/2020-12-05/historic-hotel-associated-with-bank-robbery-for-sale/12950874)