Newcrest Mining intends to run the Cadia gold mine in New South Wales with power sourced from the Rye Park wind farm north of Yass.
Australian resources sector projects have entered a new growth cycle in 2019-20, with early stage projects increasing by more than 30 per cent compared with the 2018-19 period.
Newcrest Mining has achieved its lowest ever quarterly production costs at the Cadia gold mine in New South Wales, claiming the block cave mining technique has assisted with the improved performance.
The board of Newcrest Mining has approved stage two of the Cadia expansion project in New South Wales, which is expected to increase plant capacity and reduce production costs.
Since Alkane Resources unearthed the Boda prospect in the East Lachlan region in New South Wales last year, prospective gold miners have flocked to the area in the hope of making another discovery of the same quality.
Newcrest Mining plans to begin the commissioning of a flotation plant at its molybdenum outpost project at the Cadia mine in New South Wales this year.
Newcrest Mining has awarded DXN a contract worth approximately $1.5 million for the supply of a data centre at the Cadia gold mine in New South Wales.
Newcrest Mining has delivered lower gold production across its mines in Australia and Papua New Guinea.
Newcrest Mining has secured adequate levels of water to continue producing without restraint at the Cadia operations in New South Wales.
Newcrest Mining is set to raise $1.1 billion to fund future growth at its mine sites globally as other companies preserve cash due to concerns over economic uncertainty.
Newcrest Mining has maintained its guidance for the 2020 financial year despite limitations on workforce movement interstate and internationally.
Newcrest Mining is focussed on achieving a goal of having five Tier 1 orebodies in its gold portfolio by the end of 2020.
Downer Group chief executive Grant Fenn is mulling over the future of the contractor’s mining business, stating that it is “very capital-intensive.”
Safety and sustainability drive operational outcomes, according to Newcrest Mining chief development officer Michael Nossal.
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Alkane Resources claims recent drilling has revealed “Cadia-style” results at its Boda and Kaider prospects in New South Wales.
The Australian dollar gold price has moved above $2300 an ounce for the first time in history as fears surrounding the United States–China trade wars have again impacted global economic markets.
Newcrest has achieved “very strong results” throughout the 2019 financial year driven by a record-breaking performance from its Cadia mine in New South Wales.
Australian mining companies are capitalising on the currency disparity with North America to drive operational growth.
Newcrest Mining has finished off the 2019 financial year with both quarterly and annual gold production records at the Cadia mine in New South Wales.