Cadia PC1-2 project, Australia
Name of the Project
Cadia PC1-2 project.
Location
The cutback is located adjacent to the current West Dome Stage 2 and West Dome Stage 5 pits, in New South Wales, Australia.
Project Owner/s
Newcrest Mining.
Project Description
A feasibility study has confirmed Cadia’s position as a world-class, long-life gold and copper producer.
Development of PC1-2 is expected to sustain Cadia mine production at about 35-million tonnes a year as production from the current operational PC1 and PC2 caves begins to decline from the 2024 financial year.
The feasibility study estimates an operation with a 16-year mine life from first production at an average of 17-million tonnes a year and average gold production of 231 000 oz/y and copper production of 42 000 t.
Total ore production is estimated at 280-million tonnes, producing 3.7-million ounces of gold and 670 000 t of copper.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated net present value of A$1.8-billion and a real, after-tax internal rate of return of 18%.
Capital Expenditure
A$1.44-billion.
Planned Start/End Date
First production is expected in the 2026 financial year, with execution targeted for the 2029 financial year.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Newcrest Mining, tel +61 3 9522 5333 or email corporateaffairs@newcrest.com.au.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
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
