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NEWCREST MINING LIMITED - ASX: NCM
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
On the 23 August shareholders of Lihir Gold Limited (LGL) voted overwhelmingly in favour of the proposal to combine Newcrest Mining Limited (NCM) and LGL by way of Scheme of Arrangement. Letter to Shareholders 14/09/2010
Newcrest is a leading international gold company and one of the world's lowest cost gold producers. The company is Australia's largest gold producer and a global top 10 gold mining company. Newcrest has a portfolio of low cost, long life operating mines, a strong pipeline of growth projects and highly prospective brown and greenfield exploration projects. The company has a substantial reserve and resource base combined with a long reserve life. As at 30 June 2009, it had gold reserves of 42.8Moz and copper reserves of 4.67Mt and gold resources of 80.0Moz and copper resources of 14.36Mt. For the financial year ended 30 June 2009, Newcrest produced 1.63 million ounces of gold at a cash cost of A$468 per ounce (US$350 per ounce), placing it in the lowest quartile of the global cost curve. In addition, the company produced 89.9 kilo tonnes of copper. For 2009-2010, Newcrest is targeting gold production of 1.81-1.91 million ounces and copper production of 83 – 87 kilo tonnes.
Mine For
gold, copper, silver, uranium, lead, tungsten, zinc, molybdenum, iron ore
Location of operation(s)
New South Wales, Queensland, South Australia, Western Australia, Canada, Fiji, Indonesia, Papua New Guinea, Chile, USA
Address
9th Floor , 600 St. Kilda Road
MELBOURNE, VIC, AUSTRALIA
Phone
(03) 9522 5333
Website
Last Updated
17/09/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
