Newcrest Mining (ASX:NCM) say Cadia water concerns have been alleviated

  • Home
  • Company News
  • Newcrest Mining (ASX:NCM) say Cadia water concerns have been alleviated
20May

Newcrest Mining (ASX:NCM) say Cadia water concerns have been alleviated

 

Newcrest Mining (ASX:NCM) is pleased to announce that they believe that gold mining operation Cadia has secured adequate levels of water to ensure that production is not constrained for at least the next two years.

The State of New South Wales has been impacted by a severe drought for the last few years.

Cadia responded by implementing significant water saving efficiency measures and optimisation of onsite bores and other water sources.

Recent rainfall in the region and the purchase of water licences on the water trading market has resulted in improved levels of water being captured in on site storage facilities.

Shares in Newcrest Mining (ASX:NCM) are trading 1.25 per cent lower at $31.60.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

03Aug

Stocks of the Hour: News Corp, Credit Corp & PointsBet

03 Aug 2021 - A snapshot of some of the news that broke today, featuring News Corp (ASX:NWS), Credit Corp (ASX:CCP) & PointsBet (ASX:PBH).

Read More
02Jul

Webjet (ASX:WEB) successfully prices 100m convertilble notes

02 Jul 2020 - Webjet (ASX:WEB) has successfully priced its €100 million, that’s around $1631 million, convertible notes due 2027.

Read More
18Sep

Stocks of the Hour: BPM Minerals, Titan Minerals, Cauldron Energy

18 Sep 2024 - A snapshot of the stocks on the move, featuring BPM Minerals (ASX:BPM), Titan Minerals (ASX:TTM) and Cauldron Energy (ASX:CXU).

Read More
06May

Vicinity Centres (ASX:VCX) increases Moving Annual Turnover

06 May 2020 - Vicinity Centres (ASX:VCX) has increased its moving annual turnover during the March quarter by 1.6 per cent despite sales during the month of March declining.

Read More
20Sep

Bardoc Gold Limited $15 million capital raising

20 Sep 2019 - Bardoc Gold Limited (ASX:BDC) is conducting a capital raising of up to $15 million to finance its exploration, development and growth strategy around its flagship Bardoc Gold Project.

Read More
19Apr

Stocks of the Hour: Buxton Resources, Rumble Resources, Blue Star Helium

19 Apr 2023 - A snapshot of the stocks on the move featuring Buxton Resources (ASX:BUX), Rumble Resources (ASX:RTR) and Blue Star Helium (ASX:BNL).

Read More
15Apr

Ampol (ASX:ALD)’s smooth sailing boosted by tailwinds from oil prices

15 Apr 2021 - Caltex Australia owner Ampol (ASX:ALD) is riding high on momentum from the company’s March quarter results. The positive results have coincided with a strong rally in oil prices to monthly highs.

Read More
17May

Why railroads are an attractive investment

17 May 2023 - Investment Analyst Yathavan Suthaharan discusses why railroads are an attractive infrastructure investment, recent events at Norfolk Southern and what the hype is around Precision Scheduled Railroading (PSR).

Read More
17Jul

Stocks of the Hour: Andromeda Metals, Nutritional Growth Solutions, Somerset Minerals

17 Jul 2024 - A snapshot of the stocks on the move, featuring Andromeda Metals (ASX:ADN), Nutritional Growth Solutions (ASX:NGS) and Somerset Minerals (ASX:SMM).

Read More
13Mar

The Virgin Australia Group (ASX:VAH) announce cost cutting measures

13 Mar 2020 - The Virgin Australia Group (ASX:VAH) today announced additional reductions in capacity and cost measures to address the impact of COVID-19 and has also reassured guests of the onboard health and safety measures to enhance their protection.

Read More