Newcrest commences deposition of tailings at Cadia

Company News

by Anna Napoli

Newcrest Mining (ASX:NCM) has commenced depositing tailings into the Cadia Hill open pit following completion of the construction work for the pipeline infrastructure.

It comes after the company received the go ahead to use the open pit as a tailings storage facility from the New South Wales government last month

Newcrest is continuing to review and determine the cause of a dam collapse which halted operations at the the mine in March.

The gold mining giant says Cadia will return to full production rates before the end of the financial year.

Shares in Newcrest (ASX:NCM) are trading up 0.56 per cent to $21.55.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.