Newcrest's Cadia water woes alleviated
PERTH (miningweekly.com) – Gold miner Newcrest Mining on Wednesday assured shareholders that its Cadia operation, in New South Wales, would have sufficient water to ensure that production was not constrained by a water shortage, for at least the next two years.
Previous internal modelling had indicated that if rainfall had remained at 1-in-100 year lows, as it had been for the last two years, gold production at Cadia could have been impacted by water shortages early in calendar year 2021.
However, the miner noted that recent rainfall in the region, along with the purchase of water licences on the water trading market, had resulted in improved levels of water being captured in on-site storage facilities.
The company told shareholders that the latest internal modelling indicated that Cadia should have sufficient water to avoid any water-related production interruptions for at least the next two years.
The company added that it would continue to pursue further water saving and optimisation initiatives at the gold mine.
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