🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Newcrest Mining recommences production at part of Cadia mine

Published 13/09/2017, 11:08 am
BRIEF-Newcrest Mining recommences production at part of Cadia mine
NCM
-

Sept 13 (Reuters) - Newcrest Mining Ltd NCM.AX

* Cadia east panel cave 1 production recommences

* Expected that Cadia east production rates will have been fully restored to normal by end of March 2018

* Newcrest completed 'test and response' phase of panel cave 2 (pc2) on 19 July 2017, with ramp-up in production from pc2 continuing

* Remediation and upgrade work required to recommence use of cadia east's panel cave 1 (pc1) crusher chamber has been completed

* Remediation and upgrade work continues on other areas in pc1 extraction level, which is expected to be completed by end of dec 2017

* Prohibition notice has been amended to allow operations to recommence as areas are upgraded in accordance with submitted plans

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.