DROUGHTS – NEW SOUTH WALES

Drought to hit Newcrest mine

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Original article by Nick Evans
The Australian – Page: 20 : 31-Jan-20

Newcrest Mining has advised that it produced 551,000 ounces of gold in the December quarter, which is eight per cent higher than previously. Its all-in-sustaining cost of production fell by $US40 an ounce to $US859. Newcrest’s flagship Cadia mine in New South Wales produced 239,722 ounces of gold and 26,478 tonnes of copper during the quarter. However, Newcrest has warned that the declining water supply at Cadia means that production cuts may be necessary before the end of the year if the drought persists.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM

Water’s worth its weight in gold as big producers run dry in the drought

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Original article by Nick Evans
The Australian – Page: 17 & 24 : 16-Oct-19

The Cowal gold mine in western New South Wales accounted for nearly 40 per cent of Evolution Mining’s total production for the September quarter. However, COO Bob Fulker has warned that production at Cowal may be hit by the end of 2019-20 if the drought in NSW persists and Evolution’s efforts to reduce the mine’s water consumption do not pay off. CEO Jake Klein notes that Evolution now recycles about 50 per cent of the water used at Cowal. The drought may also affect output at Newcrest Mining’s Cadia mine.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, NEWCREST MINING LIMITED – ASX NCM, GLENCORE PLC, AUSTRALIA. BUREAU OF METEOROLOGY