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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
Comment by miningmanon Aug 18, 2014 2:58pm
307 Views
Post# 22852795

RE:RE:Vokblvr

RE:RE:Vokblvr
VOKBLVER,  altho I agree with 98% of the sentiments that you post here,  and despite the fact that the reactions to the III tailings breach are being completely overstated ,  I caution you that a complete absence of a tailings storage facility at Bruce Creek is unlikely. Call it a dam ,  call it a temporary storage facility ,  call it a monster steel tank ,  whatever ,  but with the proposed mining methods  ( blasthole stoping)  my gut feel is that I would want about 90 days worth mill tailings available when I need it.  There are two reasons for this,  unlike cut and fill mining , any given prodction stope has to be 100% mined out befrore filling starts. WE dont know the dimensions of the initial proposed stopes ,  but 20m x  25 m x 30 m  might be a good assumption.  At an ore SG of 2.7 ,  this corresponds to  40,000 tonnes. I would not want to be at the mercy of the mill operators to provide the fill I need, when I need it,  and youd be amazed at how far apart these two functions often are.

If I have a small storage pond ( that is not frozen)  I can supplement my daily  fill material from the mill ,  with whatever I can pull from my temporary pond.  I would hope to pump most of this.

Additionally ,  as soon as I have a stope available for filling , I better have at least two additional stopes partially mined in order to give me the ability to supply 2700 tonnes ,  each day ,  every day.  I wont get into the details of production hold ups that can occurr with blasthole stoping , but believe me having an inadequate number of producing stopes is a recipe for disaster.  Additionally ,  once I start filling ,.  I need to really fill fast ,  because there will be a stope on either side of the one being filled,  plus one directly above it ,  none of which I can mine untill the cement in the  filled stope has had a chance to set up.

Its all about schedulling ,  and perhaps I could live with only 60 days storage,  but less than that and I could not guarantee adequate mill feed on an uninterupted basis.  After Mt Polley it will be interesting to see what precautions are required for even a small dam.
Bullboard Posts