News: NCM Newcrest Mining Approves Stage 2 Of Cadia Expansion & Lihir Front End Recovery Project

Oct 9 (Reuters) - Newcrest Mining Ltd (NCM) :

• BOARD APPROVED TWO PROJECTS MOVING TO EXECUTION PHASE
• APPROVED STAGE 2 OF CADIA EXPANSION PROJECT AND LIHIR FRONT END RECOVERY PROJECT
• STAGE 2 OF CADIA EXPANSION PROJECT INCREASES PLANT CAPACITY TO 35MTPA, ENABLING AN INCREASE IN GOLD AND COPPER RECOVERIES
• LIHIR FRONT END RECOVERY PROJECT IS EXPECTED TO DELIVER ADDITIONAL PRODUCTION THROUGH AN IMPROVEMENT IN GOLD RECOVERIES OVER LIFE OF MINE
• STAGES 1 AND 2 OF CADIA EXPANSION PROJECT EXPECTED TO GENERATE DIRECT EMPLOYMENT IN AUSTRALIA OF ABOUT 860 PEOPLE AT ITS PEAK
• LIHIR FRONT END RECOVERY PROJECT EXPECTED TO GENERATE DIRECT EMPLOYMENT OF ABOUT 150 PEOPLE AT ITS PEAK
• CADIA MINING RATES EXPECTED AT AN AVERAGE OF 34MTPA FOR FINANCIAL EVALUATION PURPOSES

Source: https://bit.ly/3d9plCZ

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