WESTERN MINING TO OPEN NEW GOLD MINE IN AUSTRALIA Western Mining Corp Holdings Ltd <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 <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.