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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 askmetooon Aug 08, 2014 2:08pm
459 Views
Post# 22823176

Just Spilled Beans?

Just Spilled Beans?
Updated: Fri, 08 Aug 2014 05:12:15 GMT | By The Canadian Press, thecanadianpress.com

Possible lucky break in mine spill: minister



Possible lucky break in mine spill: minister

A aerial view shows the damage caused by a tailings pond breach on Lake Polley, B.C. Tuesday, August, 5, 2014. THE CANADIAN PRESS/Jonathan Hayward

LIKELY, B.C. - The minister responsible for British Columbia's mines says residents living along waterways affected by a mining-waste spill could catch a lucky break because the waste may not be poisonous.

Bill Bennett says the Mount Polley tailings pond breach in B.C.'s Cariboo region may not be toxic because the mine is not acid generating, which means caustic chemicals are not leached out of the rocks and into the water.

Initial test results show water in the surrounding area is of drinking quality, but a water-use ban is still in effect because the nearby Polley Lake has not yet been tested.

David Lacroix of the town of Likely, which is in the spill area, says the findings have made him optimistic, but he wonders why more was not done to prevent the accident.

The tailings pond of the Mount Polley mine was breached on Monday, sending 58-hundred Olympic swimming pools worth of waste water and potentially toxic silt into nearby waterways.

Residents were warned not to bathe in or drink the water because authorities were concerned heavy metals from the mine, owned by Imperial Metals (TSX:III), could be poisonous.


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