Newcrest’s Kencana restarts
The gold miner’s second Indonesian mine is back to work after a geotechnical incident.
The gold miner’s second Indonesian mine is back to work after a geotechnical incident.
Newcrest has restarted mining at Kencana after an unexplained geotechnical event in February.
Newcrest maintains its guidance for the full-year after reporting a 2.6pc increase in gold production for 3Q.
The increase in the Australian gold price to near 10-year highs has prompted Newcrest to take out price protection.
Newcrest Mining chief Sandeep Biswas says he would be willing to buy out his partner in the Golpu copper and gold development.
NEWCREST has hired Bank of America Merrill Lynch for the potential sale of its Telfer mine in Western Australia, sources say.
NEWCREST’S new $2.2 billion Cadia East mine is set to underpin major gold production from the Cadia Valley.
Original URL: https://www.theaustralian.com.au/topics/newcrest/page/5