Newcrest Mining (ASX:NCM) say Cadia water concerns have been alleviated - Sequoia Direct Pty Ltd

20MayMay 20, 2020

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

Related Posts

09JunJune 9, 2020

Kogan.com (ASX:KGN) gross sales double

05 Jun 2020 - Online retailer, Kogan.com (ASX:KGN) has released an impressive trading update for the fourth quarter-to-date. Compared to the same period last year, Kogan’s gross sales grew by more than 100 per cent.

15SepSeptember 15, 2019

AP Eagers to compulsorily acquire the remaining AHG shares

16 Sep 2019 - A.P. Eagers (ASX:APE) has today announced that it now holds over 91 per cent interest in Automotive Holdings Group .

02SepSeptember 2, 2020

Cardinal Resources (ASX:CDV) say Nord Gold has increased their takeover offer

02 Sep 2020 - Cardinal Resources (ASX:CDV) notes that Nordgold have increased the Offer Price in respect of their takeover bid from $0.66 to $0.90 cash per share.

19JanJanuary 19, 2021

Mineral Commodities Ltd (ASX:MRC) secures additional graphite prospects

19 Jan 2021 - Mineral Commodities Ltd (ASX:MRC), through its 90 per cent owned subsidiary, Skaland Graphite AS is has entered into a landowner agreement to explore the Hesten and Vardfjellet graphite prospects, located on an island off Norway.

13JulJuly 13, 2021

Stocks of the Hour: Nearmap, Berkeley Energia & Omni Bridgeway

13 July 2021 - A snapshot of some of the news that broke today, featuring Nearmap (ASX:NEA), Berkeley Energia (ASX:BKY) & Omni Bridgeway (ASX:OBL).

12MarMarch 12, 2021

Elixir Energy (ASX:EXR) struggles as Mongolia coal seam gas exploration continues

12 Mar 2021 - Gas exploration player, Elixir Energy (ASX:EXR) has reported a net loss after tax of over $990,000 for the half year ended 31 December 2020.

05SepSeptember 5, 2024

Stocks of the Hour: Surefire Resources, Nova Minerals, Iltani Resources

05 Sep 2024 - A snapshot of the stocks on the move, featuring Surefire Resources (ASX:SRN), Nova Minerals (ASX:NVA) and Iltani Resources (ASX:ILT).

21OctOctober 21, 2022

Stocks of the Hour: Podium Minerals, Life360, GBM Resources

21 Oct 2022 - A snapshot of the stocks on the move featuring Podium Minerals (ASX:POD), Life360 (ASX:360), GBM Resources (ASX:GBZ).

22AugAugust 22, 2023

Stocks of the Hour: Lake Resources, BBX Minerals, Nimy Resources

22 Aug 2023 - A snapshot of the stocks on the move, featuring Lake Resources (ASX:LKE), BBX Minerals (ASX:BBX) and Nimy Resources (ASX:NIM).

12FebFebruary 12, 2020

Blackmores (ASX:BKL) downgrades full-year profit expectations

12 Feb 2020 - Health supplement company Blackmores (ASX:BKL) today released an update on the first-half financial results showing underlying NPAT of $18 million compared to $34.3 million a year ago.