Newcrest Mining

Newcrest Mining managing director Sandeep Biswas has revealed that the company intends to expand its asset holding by adding more Tier 1 and Tier 2 orebodies to its gold portfolio.

Newcrest Mining has ordered four Eriez coarse particle flotation equipment, HydroFloat separators, fo stage two of its Cadia Valley expansion project in New South Wales.

Port Hedland has cleared all large vessels from the port’s anchorage as Cyclone Lucas approaches the coast of Western Australia’s Pilbara region.

Newcrest Mining has withdrawn from the Selby, Watts and Lewis joint ventures (JVs) in Western Australia with Encounter Resources.

Newcrest Mining and Greatland Gold are confident that the encouraging mineral resource for the Havieron joint venture project in Western Australia will allow the partners to fast-track development of the operation.

Newcrest Mining has entered a joint venture (JV) agreement with Greatland Gold for the Havieron project, 45 kilometres east of its Telfer gold mine in Western Australia’s Paterson Province.

Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer, with signs there may be more mergers and acquisitions (M&A) in the gold sector.

A project to expand Newcrest Mining’s Lihir gold mine in Papua New Guinea proved challenging due to a high water table. To reduce the water level in the pit, Crusader Hose was brought in to provide a dewatering solution.

Mining companies such as Newmont, Glencore and Eriez Flotation are set to form a consortium to improve the energy efficiency of mineral processing operations.

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.

Encounter Resources has started diamond drilling at the Aileron gold-copper project in the West Arunta region of Western Australia – a joint venture between Encounter and Newcrest Mining.

Keep up with the latest executive movements across the mining sector, including at Caterpillar, Newcrest Mining, Stanmore Coal and more.

Gold prices have moved to their highest point since 2011 this week as they approached $US1900 ($2662) an ounce.

Newcrest Mining is set to spend at least $6 million on exploration at the Wilki copper-gold project in Western Australia as part of a partnership with Antipa Minerals.

Australian gold production fell by 10 tonnes, or 12 per cent from the previous quarter during the March period, according to gold consultants Surbiton Associates.

The gold industry is faring well during the coronavirus pandemic that is affecting so many other industries around the world, according to Resources Monitor’s latest report.

Stay on top of the most popular stories on Australian Mining over the past week, including Papua New Guinea refusing to extend Barrick’s lease on the Porgera gold mine.

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.

Rio Tinto chairman Simon Thompson has been named the highest paid single board director in the 100 largest ASX-listed companies, with an annual paycheck of more than $1.6 million.

Australian gold prices have hit seven-year highs yet again, with ABC Bullion recording a price of $2712.49 per ounce last week, before dropping over the weekend and settling back at $2672.78.