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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 Aug 11, 2017 4:22pm
3493 Views
Post# 26572794

Number of stoping blocks

Number of stoping blocksas per my post from early febuary:-

Not wanting to appear that I'm avoiding a simple yes or no answer,  but  consider the following.   The recent press release stongly suggested that pre production planning has delineated the need for 15 stoping blocks at any one time.  Lets assume that at any one time ,  three blocks are  in development ,  three are being long holed,  and two more are being prepped with slot raises etc. That means there are  seven stopes with active drawpoints in production at any one time.


Today's  release states that there are a total of 27 stopes ,  either in production or under development. This of course is almost double what was planned   earlier this year.

This is good news / bad news.   An incresed number of planned stopes certainly makes for dramatically improved flexibilty for mine planners and the production personnel.   However at around $6-8000  per metre development costs ,  there is a large initial CAPEX associated with this acclerated  development rate,   Plus of course ,  this wasnt implemented just for fun,   Someone mustve identified that the initial plans would not be adequate in the short term.  '  Would go someway to explaining the recent apparent cost overuns.

Bullboard Posts