Newcrest Mining Ltd.

Golden age for Newcrest as it rakes in net profits at a rate of $110 million per month

When asked if shareholders could be rewarded with a special dividend Newcrest chief executive Greg Robinson said such a move was "always on the cards" in times of plenty.

Newcrest Mining's qtr gold production falls 20 pct

Dented by heavy rains in Papua New Guinea and lower ore grades, the company reported a 20% fall in quarterly production Monday, in line with its recent forecast.

Lower gold grades cause drop in Newcrest shares

Sydney Morning Herald reported that Newcrest Mining's (ASX:NCM) shares fell after news its gold grades were diminishing.

Newcrest reports helicopter crash in Indonesia, 9 dead, work suspended

Newcrest Mining suspended work at its Gosowong gold mine in Indonesia on Thursday after it said nine people, mostly mine workers or contractors, were killed when a helicopter crashed en route to the mine.

Newcrest gold production up 16 pct

Newcrest Mining has posted a 16 per cent rise in gold production in the fourth quarter, and annual production in line with earlier guidance by the company.

Perth Now: Catalpa Resources and Conquest Mining announce $1.2bn merger deal

Catalpa Resources and Conquest Mining have agreed to merge and buy a new asset from Newcrest Mining, Perth Now reported.

The newspaper says the new entity will acquire a 70 percent stake in Newcrest's Cracow gold mine and will also buy the Mt Rawdon gold mine from Newcrest:

In a statement to the Australian Securities Exchange Catalpa and Conquest said the merged company will be in a position to produce 400-450,000 ounces of gold by 2013, putting it into to the top five of the local gold producers.

The combined market cap would be about $1.2 billion.

Australia's biggest gold miner cuts guidance – again

Australia-listed Newcrest Mining cut its full-year gold production guidance to 2.7 million ounces from 2.82 million due to a power failure that disrupted operations at its Lihir mine in Papua New Guinea.

"Repair work in the power station has commenced and a phased return to full operating capacity is planned over the next three weeks," the company said in a statement.

Buyers could line up for Harmony’s massive Papua New Guinea find

The takeover rumour mill is working overtime as speculation about the size of Harmony Gold’s Wafi-Golpu deposit increases. Harmony has already been forced to share the planet’s potentially third largest gold and copper mine with Australia’s Newcrest Mining, selling 50% of the project for $525m three years ago.

Now, as the value of Wafi-Golpu climbs – Deutsche Bank recently put it at $9.9bn – and predictions of development cost reach $5bn, other suitors may be lining up for the assets. M&A activity in the gold sector is at a 10-year high and top takeover candidates are Harmony’s South African peer Gold Fields, Canada's Barrick Gold, Newmont Mining and partner Newcrest itself.

Newcrest to restart Ivory coast operations

Newcrest Mining , one of the world's biggest listed gold miners, expects to resume gold production at its Bonikro mine in the Ivory Coast after a stabilisation of political and security situation in the country, it said on Tuesday.

The miner said the production impact had been around 8,000 ounces of gold per month. Newcrest suspended operations at Bonikro in late March.

Newcrest suspends Ivory Coast gold ops on security issues

Newcrest said in a brief announcement today that it has suspended operations at the Bonikro gold mine "as a precautionary measure" and evacuated expatriates to neighbouring Ghana.

This is not the first time Bonikro has had to be closed – a mine gained late last year with the takeover of Lihir Gold with its much larger prize of the Lihir Island gold project in Papua New Ginea.

Leighton Contractors awarded $317 million worth of new gold mining contracts

Leighton Contractors has been awarded two new gold mining contracts, one in Western Australia andone in the Northern Territory, totalling $317 million.

The first, a $200 million contract awarded by Newcrest Mining Ltd, is for works at Telfer – one of thelargest gold mines in Australia, located 450km ESE of Port Hedland on the edge of Great SandyDesert.

Under the 27-month contract, Leighton Contractors will provide mining equipment, operators,maintenance and supervisory personnel, and infrastructure including workshops and offices to theproject.

Huge new copper gold intersection at Wafi-Golpu in PNG

Newcrest today reported a staggering intersection of copper gold – 883 metres grading 2.15% copper and 2.23 grams/tonne gold at its Wafi-Golpu project.

The project is part of the Morobe Joint Venture with Harmony Gold of South Africa and Wafi-Golpu is seen as the next project to develop after the now established Hidden Valley gold project in the Morobe region.

Newcrest gets a new boss

Ian Smith, CEO of Newcrest Mining Limited, announced on Friday that he is stepping down. Greg Robinson, executive director of finance at Newcrest, will succeed Smith. During Smith's tenure, Newcrest merged with Lihir Gold, and Newcrest's market capitalization grew from …

Designing for Safety: Mining Companies Collaborate with OEM’s

The phrase “safety is built from the ground up” may seem like a cliché. But a group of mining companies is taking the message to heart with a concerted campaign to work with original equipment manufacturers (OEMs) to ensure that safety is incorporated into the design of …

Newcrest Developing Australia’s Largest Underground Mine

Newcrest Mining is investing A$1.91 billion to develop an underground panel cave mine to extract the Cadia East orebody as the next major ore source for its Cadia Valley operations in central western New South Wales, 250 km west of …

Newcrest Developing Australia’s Largest Underground Mine

Newcrest Mining is investing A$1.91 billion to develop an underground panel cave mine to extract the Cadia East orebody as the next major ore source for its Cadia Valley operations in central western New South Wales, 250 km west of …

Newcrest gives green light for Australia's biggest underground mine

Newcrest Mining came out with a major announcement Friday – but it was not the statement many gold market followers were expecting.

The first 3000 HP (2240 kW) Vertimill®, known as the VTM-3000-WB, is destined for Newcrest Mining Ltd.'s Cadia Valley Operations.

The first 3000 HP (2240 kW) Vertimill®, known as the VTM-3000-WB, is destined for Newcrest Mining Ltd.'s Cadia Valley Operations, where it will be operated in a tertiary grinding role.  Cadia's concentrators in New South Wales already have several Vertimills® …

Metso's innovative research and development has taken their line of cone crushers to the next level with the Nordberg MP1250

Metso's innovative research and development has taken their line of cone crushers to the next level. With the Nordberg MP®1250, Metso is providing up to 30% increase in capacity as a result of advanced crushing dynamics, while increasing the horsepower …

Apache Cuts Gas Supply to Newcrest, Alcoa After Blast at Australian Plant

Alcoa Inc. , Newcrest Mining Ltd. and Minara Resources Ltd. lost natural gas supplies in Western Australia because of a pipeline fire offshore, threatening to curtail metals production at a time of rising …more at topix