NCM 2.75% $28.78 newcrest mining limited

News: NCM Newcrest Mining recommences production at part of Cadia mine

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

    • 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
 
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