The Lucky Bay garnet mine is being built by Australian Garnet, wholly owned by the Andrew Ellison-led Resource Development Group. RDG is 64 per cent owned by MinRes, and also rents floor space ...

The transaction is currently subject to various conditions including due diligence, key personnel agreements and board ...

Although a small mine compared to others in the state, its production could amount to some 7 million tons of greenhouse gases in its lifetime, think tank the Australia Institute says.