Australian mine to invest US$182M in Australian gold-copper project

Photo: Newcrest Mining

Australia’s Newcrest Mining has announced its board has approved funding of some A$246 million (US$182 million) for the West Dome stage 5 cutback at the company’s Telfer gold-copper opera-tion in Western Australia.


The Australian business said in a statement that Telfer is strategically po-sitioned in the highly prospective Paterson Province, with its existing in-frastructure and processing capacity providing benefits located nearby the Havieron project that Newcrest operates under a joint venture.


Sandeep Biswas, the managing director and chief executive of Newcrest Mining, said that the “cutback is an investment in Telfer’s future which will ensure the operation is able to continue for at least the next two years. With additional drilling, we believe there is the potential for further mine life extensions in the open pit and the underground beyond this time.”


Production stripping for the Stage 5 cutback is to begin this September.