NCM--Newcrest Mining Ltd

**stolwyk** · 13-11-2004, 12:05 AM

It is closer to starting up Telfer.

At that point, expect the PR to go full blast at all levels

Gerry
Hold NCM
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**stolwyk** · 24-11-2004, 01:15 PM

TELFER AND CRACOW PROJECTS COMMENCE PRODUCTION

"Newcrest Mining Limited advises that commissioning at its 100% owned Telfer Project and 70% owned Cracow Project has progressed with both now processing ore material and production underway.

At Telfer, all elements of the first processing train have been commissioned including the semi-autogenous grinding (SAG) mill and ore grade material is now being processed successfully to produce a gold-copper concentrate.

Processing rates and flotation behaviour are all in line with expectations for this early phase of operation. The final stages of commissioning of the gas pipeline to site are currently underway and the power generation turbines will be operated with this gas supply shortly.

Work is progressing on the second processing train at Telfer with electrical work in the grinding area the main activity required for completion.

The development of the Telfer Deeps underground operation is ongoing however the high demand within all aspects of the mining industry in Western Australia continues to place pressure on resourcing of construction projects.

At Cracow, first ore has been processed with all equipment successfully operated under load and leaching of gold ore proceeding as expected. The first gold pour is expected today.

The commissioning of these projects is a key milestone in the doubling of Newcrest’s production base".

**stolwyk** · 12-12-2004, 07:36 PM

Not much fun at BARRICK (ABX) with trailing P/E of 74:

http://www.gold-eagle.com/editorials...way121104.html

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

**stolwyk** · 13-12-2004, 01:26 PM

"The Board of Newcrest is pleased to advise that it has given approval to proceed to the next stage of development of the Cadia East and Ridgeway Deeps Projects.

Cadia East:
The Board has approved a programme of work to be undertaken over a three to four year period to enable the compilation of a bankable feasibility study for the Cadia East project.

Cadia East contains 830 million tonnes of mineral resources, with an estimated 18 million ounces of gold and 2.9 million tonnes of copper.

The work to be undertaken includes development of 11 kilometres of underground decline access to enable the collection of bulk samples for metallurgical testing, further diamond drilling and the gathering of necessary geotechnical data to enable mining options to be properly evaluated.

Development of the decline access will be commenced in early 2005 and is expected to be completed by the end of 2006.

Ridgeway Deeps:
The Board has also approved the development of the Ridgeway Deeps project. The project will extend the depth of mining at the Ridgeway operation by 300 metres and involves additional decline development, ventilation upgrades and installation of a new crusher
at depth.

The project is expected to extend the life of the Ridgeway Mine by around 6 years to 2018, with an extra 1.3 million ounces of gold and 163,000 tonnes of copper anticipated to be produced.

Telfer project update:
The Company also advises that since announcing the commencement of operation of the first processing train at Telfer on 24 November 2004 commissioning of that plant has continued to progress well.

The commissioned processing train, which has a nameplate capacity of 1100 tonnes per hour, has been operating on a sustained basis at 1300 tonnes per hour of open cut ore.

The grinding parameters, gold and copper recoveries and concentrate grades achieved to date have all been in line with feasibility study expectations and first gold has been poured following the commissioning of the gravity gold circuit.

Construction of the second processing train is progressing well and is nearing completion.
Construction and commissioning of the 450 kilometre gas pipeline from Port Hedland has been completed satisfactorily and gas is now available at the site.

The gas turbine power facility, which has been operating on distillate to date, will be progressively switched over to gas.

Project management changes.
Following the successful development of Telfer and the resumption of operations, Mr Bruce Price, Newcrest’s Executive General Manager Project Development, will now leave the Company, as expected.

In his six years in the role Bruce has made a major contribution to Newcrest’s rapid growth through the development of the Gosowong, Ridgeway and now Telfer mines.

Mr Paul Hallam has been appointed as the new Executive General Manager, Development and Projects. He has extensive experience in operational and project development roles in the gold and metals industries, including a number of years in senior roles with Battle Mountain, North Limited and Alcoa Limited..
*** ENDS ***

http://stocknessmonster.com/news-ite...E=ASX&N=229478

**stolwyk** · 29-12-2004, 12:45 PM

2004 Sustainability Report:

Newcrest Mining Limited advises that the Company’s 2004
Sustainability Report is now available on the company’s website at
www.newcrest.com.au

**stolwyk** · 27-01-2005, 12:35 PM

Kencana Project Development Approved

The Board of Newcrest has approved the development of the Kencana gold
deposit at Gosowong in Indonesia, in which Newcrest has an 82.5%
interest and its joint venture partner Aneka Tambang holds the remaining 17.5% interest.

The Mineral Resource is estimated at 1.7 million tonnes at 41 grams for 2.2 million ounces gold and the project plan is to develop an underground mine to extract 1.6Moz of this resource.

The Kencana mine has a 6 year mine life based on current reserve however the mine plan expects to recover the majority of this 1.6Moz over 4 years at a cash cost of around $US130/oz and a total cost of US$172/oz.

This will involve production from the underground mine using various stoping methods and depending on the success of the selected method the production rates will be at or above 350 Kozs p.a.

The capital cost to first production for the project is $US40M (100%) and includes the development of the decline and construction of additional site infrastructure.

Construction of the decline is expected to commence during Q4 FY05 with first gold production expected in Q4 FY06.
Exploration is continuing on the Kencana mineralization which remains
open at depth and to the south of the current mineralised zone.

**stolwyk** · 14-02-2005, 04:57 PM

Telfer Project Second Processing Train Commissioned
http://stocknessmonster.com/news-ite...E=ASX&N=232004

Telfer Project Second Processing Train Commissioned Newcrest Mining Limited advises that commissioning of the second processing train commenced on 1 February and that nameplate capacity for this train has now been achieved.

This processing train, which has a nameplate capacity of 1100 tonnes per hour has now operated at a sustained level above this rate.

The grinding parameters, gold and copper recoveries and concentrate grades achieved are in line with the commissioning plan expectations.

The first processing train continues to operate well and production from this train continues to exceed feasibility study expectations.

Whilst commissioning activities continue in minor areas the start-up of the second processing unit marks the commencement of Telfer as an operating project for Newcrest.

***ENDS***