MANAGEMENT

Newcrest begins approved tailings deposition plan

Two weeks after receiving approval from the New South Wales (NSW) Department of Planning and Environment to use the initial portion of the old Cadia Hill open pit for tailings storage, Australian mine owner Newcrest has begun making deposits there

Staff reporter
Newcrest's Cadia Valley Operations

Newcrest's Cadia Valley Operations

The miner said it began depositions at the pit, where it has gotten the green light to use the first 200m as a tailings storage facility (TSF), upon completion of the pipeline infrastructure's construction and commissioning.

Newcrest will return Cadia to full production before the end of the current financial year, it added, following a brief ramp-up.

Work is still ongoing by the miner to determine the cause of the March 9 tailings dam breach that stopped the gold mine's production. NSW officials, via the state's resources regulator, have kept the prohibition of tailings deposits in the Northern Tailings Facility (NTF) in place.

"It has been a significant additional challenge to acquire and build the required infrastructure in such short time," managing director and CEO Sandeep Biswas said.

"Today's announcement is a true testament to the dedication and commitment of our people, the support we have received from the state government and local government authorities, and the constructive engagement and support we have received from the Cadia district community."

Newcrest said in late April that, as the open pit now is being used as the complex's TSF, it will likely forego the remaining ore reserve of approximately 1.5 million ounces of gold and 0.13 million tonnes of copper and its mineral resource of about 3 million ounces of gold and 0.27 million tonnes of copper.

"[The company] has determined that the value of Cadia Hill as a long-term tailings storage solution is much greater than the economic value of the remaining ore reserves and mineral resources of the Cadia Hill open pit," it said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.