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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 VOKBLVRon Feb 22, 2018 4:01pm
269 Views
Post# 27604724

RE:RE:PVG Down, POG Up Explanation

RE:RE:PVG Down, POG Up ExplanationJust a comment reguarding the powerline for Brucejack It is my understanding that to bring power from highway 37 (the Northwest Mainline that goes from Meziadin to Iskut with a planned extention to Dease Lake.) was considered by Pretium and they elected to bring in the power to the minesite by extanding an existing line from the Pioneer mine to the Brucejack minesite at the mines cost.
When Red Chris was built-the mine funded the extention from Bob Quinn to a point south of Iskut and sold that portion of the line to BC Hydro who extended the line to Iskut at Hydro''s expense and the mine paid for the line from the minesite to the tie in point. The line from north of Stewart to Brucejack is much shorter than the alternate route from highway 37 and since the mine would be paying for the line it made sense to take the shorter route. There may be some additional colour that could be added by Hydro or Pretium but the capex of the line to the mine would be at the mine's cost no matter which route was chosen.
Bullboard Posts