Newcrest to expand Cadia

THE board of Newcrest Mining has approved the first of the two-stage Cadia expansion project in New South Wales.

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Stockpiles at Newcrest's Cadia operations

The two-stage project has an estimated total capital cost of US$865 million, a forecast real net present value of $1.17 billion, an internal rate of return of 21.5% and a payback period of 7.6 years.

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