April 23 (Reuters) - Newcrest Mining Ltd NCM.AX :
* CADIA HILL OPEN PIT APPROVED FOR TAILINGS DISPOSAL
* NEWCREST MINING LTD - TO USE FIRST 200M OF OLD CADIA HILL OPEN PIT AS A TAILINGS STORAGE FACILITY
* NEWCREST CURRENTLY INSTALLING PIPELINE INFRASTRUCTURE TO ENABLE , WITH UTILISATION OF OPEN PIT AS A STORAGE FACILITY TO COMMENCE IN FIRST WEEK OF MAY
* AS A RESULT OF USING CADIA HILL OPEN PIT AS TAILING STORAGE FACILITY, EXISTING ORE RESERVE, MINERAL RESOURCES OF GOLD, COPPER WILL BE FORGONE
* VALUE OF CADIA HILL AS LONG-TERM TAILINGS STORAGE SOLUTION MORE THAN ECONOMIC VALUE OF REMAINING ORE & RESOURCES OF CADIA HILL OPEN PIT