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Newcrest announces A$93m Telfer investment as royalty hike is dropped

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
Australian gold miner Newcrest Mining has approved a A$93-million capital investment into its Telfer mine, in Western Australia, which will extend the openpit mine life by four years, until 2023. The company on Wednesday said that the capital would be spent on expanding the West Dome openpit, with the ongoing access to economic grades of ore enabled by the capital investment expected to improve the mine’s narrow margins over time.
 
 
 
 
 

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