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 has qualified for 40 per cent interest in Havieron gold-copper project in the Paterson region of Western Australia.
Newcrest has updated its gold production guidance for the 2020 financial year following a disappointing performance at the Lihir mine in Papua New Guinea and the Telfer mine in Western Australia.
Newcrest Mining has struck a domestic gas sale agreement with Chevron that would go until July 2023.
Australia’s gold mine output in the September quarter declined by five per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates.
Mining consultancy MEC Mining has expanded into Western Australia with the opening of a Perth office.
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Newcrest Mining has increased rates for Macmahon’s work at its Telfer gold project in Western Australia, putting an end to their contractual dispute.
Safety and sustainability drive operational outcomes, according to Newcrest Mining chief development officer Michael Nossal.
Macmahon Holdings expects an “acceptable agreement” will be made with Newcrest Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.
Macmahon Holdings will remain in a trading halt on the Australian Securities Exchange (ASX) in anticipation of an announcement about its contract dispute with Newcrest Mining.
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.
Macmahon is set to escalate its contract dispute and pursue legal action against Newcrest Mining to get better rates for its work at the Telfer project in Western Australia.
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.
Rumble Resources and AIC Mines have signed an earn-in and exploration joint venture (JV) agreement to develop the Lamil gold-copper project in the Paterson Province, Western Australia.
Macmahon and Newcrest Mining have stepped into good faith negotiations over the Telfer project in Western Australia, which could lead to litigation if unsuccessful.
Newcrest Mining and Greatland Gold have agreed to a $US65 million farm-in to advance the Havieron copper-gold project in Western Australia.
Newcrest Mining more than doubled its half-yearly profit amid lower gold and copper prices, thanks to record high production at the Cadia operations in New South Wales.
Newcrest Mining has increased production at each of its four gold mines in the December quarter.