1. Most Discussed
  2. Gainers & Losers

Newcrest Mining recommences production at part of Cadia mine

Bookmark and Share
  1. Sept 13 (Reuters) - Newcrest Mining Ltd (NCM)

    • Cadia east panel cave 1 production recommences
    • Expected that Cadia east production rates will have been fully restored to normal by end of March 2018
    • Newcrest completed 'test and response' phase of panel cave 2 (pc2) on 19 July 2017, with ramp-up in production from pc2 continuing
    • Remediation and upgrade work required to recommence use of cadia east's panel cave 1 (pc1) crusher chamber has been completed
    • Remediation and upgrade work continues on other areas in pc1 extraction level, which is expected to be completed by end of dec 2017
    • Prohibition notice has been amended to allow operations to recommence as areas are upgraded in accordance with submitted plans
    Discuss this via NCM


DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The aim of HotCopper News is to report and comment on news in the financial and investment markets. HotCopper provides no advice on dealing in securities and is not a financial advisor. Professional advice should be sought before making any investment decisions.

Contact editor: [email protected]

To read reuters' full disclaimer click here
Top