Newcrest digs deep

NEWCREST Mining plans to crack a world record at its new Cadia East gold-copper mine. At an estimated 1.6km below surface, the $A1.91 billion venture will be the world’s deepest panel cave mine. The Metal Detective, by Stephen Bell

Newcrest’s long-expected go-ahead Friday for Cadia East was timely, enabling the miner to reiterate the “compelling but not vital” line on its $9.2 billion bid for Lihir Gold, unveiled April 1.

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