Newcrest Approves A$236M Of Capital Projects

The board of gold miner Newcrest Mining has approved A$236-million worth of capital projects at its Cadia and Lihir operations.

The company on Friday announced the approval of a A$175-million spend on the Cadia Stage 2 expansion project, in New South Wales, which would see the addition of a second coarse ore flotation circuit installed in the Concentrator 1, as well as equipment upgrades in Concentrator 2.

The Stage 2 expansion would result in plant capacity increasing from 33-million tonnes a year to 35-million tonnes a year, with life-of-mine (LoM) gold recoveries increasing by 3.5% and copper recoveries increasing by 2.7%.

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