Newcrest mulls contract mining at Telfer
PERTH (miningweekly.com) – Gold miner Newcrest Mining will retain ownership of its Telfer openpit mine, in Western Australia, but is hoping to move to contract mining at the operation.
In February, the miner flagged the possible sale of the mine, after reviews found that a lower cost-base would be required to support future cutback investments at the mine.
After completing a future options review at Telfer, Newcrest made the decision to retain the asset but to improve performance and lower operating costs, as an optimised mine plan and lower Australian dollar all positively contributed to the mine’s viability.
Newcrest reported on Wednesday that the company had now entered into discussions with a number of shortlisted contractors regarding the potential for contract mining and mobile maintenance at the Telfer operation.
The miner said any decision to proceed with contract mining at Telfer would be subject to a comprehensive review of the safety performance of the prospective contractors, as well as final negotiations.
It would make a final decision on this before the end of the calendar year.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation