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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Bullboard Posts
Post by miningmanon Jul 06, 2014 5:13pm
350 Views
Post# 22719622

VOKBLVR's OPen Pit

VOKBLVR's OPen PitAhah, that makes a certain amount of sense and still encompasses recognition of local conditions. A smaller seasonal open pit, operated for say six months of the year would be feasible. It would however probably have to wait for say year 4 or so of operation. In all likelihood the grade of the ore would be somewhat less than what could be produced from underground, and unless the mill was capable of processing , say 3500 tonnes per day , the operators would not want to displace high grade ore from underground with lower grade open pit ore. Conversely if for any reason whatsoever, the underground has difficulty feeding 27000 tones to the mill, the supply could be supplemented with ore stored in the open pit stockpile. There could be an additional unrecognized benefit in that in all underground mines, using paste or conventional backfill , there ALWAYS seems to be a problem supplying the necessary backfill when it is required. There would be additional handling costs of course but the open pit waste could supply this needed fill as and when necessary.
Bullboard Posts