MINE ACCIDENTS – NEW SOUTH WALES

Austar coal workers in doubt

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Original article by Paul Garvey
The Australian – Page: 19 : 10-Jul-18

Yancoal Australia has redeployed most of the workers at its Austar coal mine in New South Wales after it was issued with two prohibition notices by the state’s Resources Regulator. Yancoal will seek a ruling from the Industrial Relations Commission on whether it can access the mine in the wake of the two most recent "coal burst" incidents that forced its closure. Yancoal hopes to at least retrieve longwall mining equipment, even if it cannot resume production.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, NEW SOUTH WALES. DEPT OF PLANNING AND ENVIRONMENT. RESOURCES REGULATOR, INDUSTRIAL RELATIONS COMMISSION OF NEW SOUTH WALES

Newcrest in dark on Cadia restart

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Original article by Matt Chambers
The Australian – Page: 21 : 16-Mar-18

Analysts have scaled back their 2017-18 production forecasts for Newcrest Mining’s Cadia gold mine after the company advised that it is uncertain when production will resume. Peter O’Connor of Shaw Stockbroking expects output for the fiscal year to be about 570,000 ounces following the collapse of a tailings dam wall. Full-year output at the mine had been slated to be within the range of 680,00 to 780,000 ounces. Newcrest CEO Sandeep Biswas says the cause of the incident remains unknown, and it does not appear to be linked to recent seismic activity.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, SHAW STOCKBROKING LIMITED, BHP BILLITON LIMITED – ASX BHP, RBC CAPITAL MARKETS, SAMARCO MINERACAO SA