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BRIEF-Newcrest Mining says Cadia Concentrator 1 Sag mill remains offline

Published 29/10/2015, 08:55 am
© Reuters.  BRIEF-Newcrest Mining says Cadia Concentrator 1 Sag mill remains offline
NCM
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Oct 28 (Reuters) - Newcrest Mining Ltd NCM.AX :

* Cadia concentrator 1 sag mill remains offline NCM.AX

* Says inspection has revealed more loose windings than initially anticipated

* Says is anticipated that construction will take around 6 weeks

* Says a repair and remediation plan is currently being developed

* Says in the interim the concentrator 1 sag mill will remain offline for at least the next 5 weeks

* To reduce impact on production conveyor is being installed to transport ore from high pressure grinding rolls to ball mill circuit, bypassing concentrator 1 sag mill

* It is anticipated that construction will take around 6 weeks"

* Says "it is too early to define any impact on FY 2016 production and cost guidance"

* Refers to problem detected with motor on concentrator 1 sag mill

* Concentrator 2 Sag mill continues to operate at full capacity with ore from cadia east being trucked to this mill"

Source text for Eikon ID:nASX2c6FJX

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