Newcrest Mining Limited
(ASX:NCM) has received approval to modify its Cadia East Project.
The company announced on 7 April 2015 that it had applied to the New South Wales Department of Planning and Environment to modify its Cadia processing plant.
Newcrest intends to increase the upper limit of the processing plant capacity from 27 Mtpa to 32 Mtpa.
With approval granted, Newcrest Mining can now progress ongoing studies.
The miner must also gain approval from the Newcrest Board.
Newcrest Mining reported a net profit of $560 million for the 2015 financial year.
